AUTHORIZED STOCK Definition

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AUTHORIZED STOCK see AUTHORIZED CAPITAL STOCK.

Learn new Accounting Terms

PAYDOWN is the systematic reduction in principal of a mortgage- or asset-backed security resulting in a series of principal payments, either scheduled or unscheduled.

BASIS, INVESTMENT, is the cost or book value of an investment. The gain or loss on an investment is the sale price less the basis. Basis is often called "cost basis."

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