Examlex
A ________ is a system of government in which states retain sovereign authority except for powers expressly delegated to a national government.
Authorized Stock
The total number of shares a corporation is legally allowed to issue, as defined in its articles of incorporation.
Treasury Stock
Shares that were issued by a company and later reacquired. These shares do not pay dividends or have voting rights while held by the company.
Authorized Shares
Authorized shares are the maximum number of shares that a corporation is legally permitted to issue, as specified in its corporate charter.
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