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authorized capital
noun
- 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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Word History and Origins
Origin of authorized capital1
First recorded in 1910–15
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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
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