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Authorized stock

• The number of shares of stock that a corporation is permitted to issue. This number of shares is stipulated in the corporation's state-approved charter, and may be changed only by a vote of the corporation's stock-holders.

 
 

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 Embedded terms in definition
 Corporation
Issue
Shares
Stock
 
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When a true genius appears in the world you may know him by this sign: that all the dunces are in confederacy against him. - Johnathan Swift

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