Authorized capital

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

A company cannot commence business until 10% of its authorized capital has been subscribed and paid for.
Encyclopaedia Britannica, 11th Edition, Volume 6, Slice 7 Various

The total of the shares is called the authorized capital stock.
Business English Rose Buhlig

The authorized capital stock of the Junction Company was three millions, and that of the other company, two millions of dollars.
Cleveland Past and Present Maurice Joblin

Ten millions of dollars was the authorized capital of the new board.
Lippincott’s Magazine of Popular Literature and Science, April, 1876. Various


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