authorized capital

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.

Word History and Origins

Origin of authorized capital¹

First recorded in 1910–15

Example Sentences

A company cannot commence business until 10% of its authorized capital has been subscribed and paid for.

From Project Gutenberg

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

From Project Gutenberg

The total of the shares is called the authorized capital stock.

From Project Gutenberg

The authorized capital stock of the Junction Company was three millions, and that of the other company, two millions of dollars.

From Project Gutenberg