authorized stock

NOUN
16 LETTERS · STARTS WITH A

authorized stock is a valid 16-letter word worth 34 points in Scrabble and 35 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
A1U1T1H4O1R1I1Z10E1D2S1T1O1C3K5
1 + 1 + 1 + 4 + 1 + 1 + 1 + 10 + 1 + 2 + 0 + 1 + 1 + 1 + 3 + 5 =34 PTS
DOUBLE WORD → 68TRIPLE WORD → 102
MEANING

What does authorized stock mean?

NOUN · 1 SENSE
1

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

BROADER