more securities that an organization can issue. This could be changed with shareholder approval.
The maximum worth of securities that an organization can legally issue. This quantity is specified into the memorandum of organization (or articles of incorporation within the US) when an organization is included, but could be changed later on with shareholders' approval. Authorized share money could be divided into (1) Issued money: par value of the stocks actually granted. (2) Paid up capital: cash received from the investors in exchange for stocks. (3) Uncalled money: cash remaining unpaid by the shareholders when it comes to shares they have purchased. Also called authorized capital, authorized stock, nominal money, moderate share capital, or registered capital.