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authorized stock

   Also found in: Financial, Acronyms 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.authorized stock - the maximum number of shares authorized under the terms of a corporation's articles of incorporation
stock - the capital raised by a corporation through the issue of shares entitling holders to an ownership interest (equity); "he owns a controlling share of the company's stock"


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Unitil reported in a news release it expects to issue and sell up to 4 million shares of the newly authorized stock to partly finance the acquisition of Northern Utilities Inc.
This amount is in addition to the $206 million available as part of a previously authorized stock repurchase program, bringing the Company's total current authorizations to $431 million.
The Company has repurchased approximately 13,000 shares under the previously authorized stock repurchase program.
 
 
 
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