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English definition of “outstanding issue”

outstanding issue

noun [U]    
FINANCE the total number of shares held by a company's shareholders at a particular time, which may be less than authorized issue (= the number it is allowed to sell): If their holdings exceed 5% of the total outstanding issue they are required to file a Schedule 13D with the SEC. → Compare authorized issue
(Definition of outstanding issue noun from the Cambridge Business English Dictionary © Cambridge University Press)
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