From Longman Business Dictionaryauthorized stockˌauthorized ˈstock (also authorised stock British English) [uncountable]FINANCE the largest amount of capital a company is allowed to have in the form of sharesSYNAUTHORIZED CAPITAL, AUTHORIZED ISSUETo finance the expansion programme, the company doubled its authorised stock from 5 billion to 10 billion pesos. → stock
