AUTHORIZATION OF STOCK Definition

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AUTHORIZATION OF STOCK is the provision in a corporate charter giving permission to issue stock.

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EMPLOYED, generally, is having your services engaged for; or having a job especially one that pays wages or a salary. In a more specific sense employed means: to put to use, e.g. funds employed or ideas employed.

BOOK VALUE OF EQUITY is the difference between the book value of assets and the book value of liabilities.

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