Shares authorized are normally less than the number of shares outstanding.

Name: Shares authorized are normally less than the number of shares outstanding.
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Shares authorized refer to the maximum number of shares a company can issue as approved by its corporate charter, while shares outstanding are the shares that have been issued and are currently held by shareholders. Typically, the number of shares authorized is greater than the number of shares outstanding.

Shares Authorized Are Normally Less Than the Number of Shares