authorized capital

American  

noun

1. the aggregate par value or the total subscription price of all equity shares of a corporation authorized to be issued under its charter.

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Etymology

Origin of authorized capital

First recorded in 1910–15

Example Sentences

The Justice Department is moving ahead, however, with some previously authorized capital cases and has not issued a blanket policy against new capital cases.

From Washington Post • Feb. 20, 2023

Anthoni Salim, head of the Salim Group conglomerate in banking, telecommunications and instant noodles, had three companies registered in the British Virgin Islands, one with $50 million in authorized capital, according to the documents.

From Seattle Times • Oct. 6, 2021

E.ON will issue shares from authorized capital while RWE will make a cash payment to E.ON of 1.5 billion euros, E.ON said.

From Reuters • Mar. 11, 2018

In its invitation to next month's annual meeting, it proposed increasing its authorized capital only for its scrip dividend.

From Reuters • Mar. 24, 2017

Ten millions of dollars was the authorized capital of the new board.

From Lippincott's Magazine of Popular Literature and Science Volume 17, No. 100, April, 1876 by Various