authorized shares

NOUN
17 LETTERS · STARTS WITH A

authorized shares is a valid 17-letter word worth 32 points in Scrabble and 31 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
A1U1T1H4O1R1I1Z10E1D2S1H4A1R1E1S1
1 + 1 + 1 + 4 + 1 + 1 + 1 + 10 + 1 + 2 + 0 + 1 + 4 + 1 + 1 + 1 + 1 =32 PTS
DOUBLE WORD → 64TRIPLE WORD → 96
MEANING

What does authorized shares mean?

NOUN · 1 SENSE
1

The maximum number of shares authorized under the terms of a corporation's articles of incorporation.

BROADER