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Simple English definitions for legal terms

authorized capital

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A quick definition of authorized capital:

Authorized capital is the maximum amount of money that a company is allowed to raise by selling its shares. It is also known as nominal capital. This is the amount of money that the company can raise if it needs to, but it doesn't mean that it has to raise that much. It is just the maximum limit. The company can choose to raise less than the authorized capital if it wants to.

A more thorough explanation:

Authorized capital is the maximum amount of money that a company is allowed to raise by selling its shares to investors. This is also known as nominal capital. It is the amount of money that a company can legally issue in shares to the public.

  • A company has authorized capital of $1 million. This means that it can issue shares up to a total value of $1 million to investors.
  • Another company has authorized capital of $10 million. It can issue shares up to a total value of $10 million to investors.

These examples illustrate how authorized capital sets a limit on the amount of money a company can raise by selling its shares. It is important for companies to have authorized capital to ensure that they do not issue more shares than they are legally allowed to.

authorization clause | authorized capital stock

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Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
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