Definitions for "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 by a vote of the corporation's stockholders.
The maximum number of shares of stock that a company can issue. It's specified initially in the company's charter, but it can be changed with shareholder approval.
the maximum number of shares authorized under the terms of a corporation's articles of incorporation