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authorized issue

From Longman Business Dictionaryauthorized issueˌauthorized ˈissue (also authorised issue) British EnglishFINANCE the largest amount of capital a company is allowed to have in the form of shares SYN AUTHORIZED CAPITAL, AUTHORIZED STOCKTo finance the expansion programme, the company doubled its authorised issue from 5 billion to 10 billion pesos. issue
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