Shares authorized

• The number of shares of stock provided for in the Articles of Incorporation of a company. This figure is usually found in the capital accounts section of the Balance Sheet and is usually well in excess of the shares Issued and Outstanding. It can be increased by a vote of the shareholders.

 Embedded terms in definition
 Articles of incorporation
Balance sheet
Capital account
 Related Terms

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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