The terms "authorized stock" and "issued stock" are used synonymously.

Name: The terms "authorized stock" and "issued stock" are used synonymously.
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Quizplus · Accepted Answer

Authorized stock refers to the maximum number of shares a company is allowed to issue, while issued stock refers to the actual number of shares that have been issued to shareholders. These two terms are not interchangeable as they refer to different aspects of a company's stock.

The Terms "Authorized Stock" and "Issued Stock" Are Used Synonymously