Authorized capital stock is also known as the "authorized share capital" or "authorized shares" of a company. It refers to the maximum amount of equity a company can issue to shareholders, as specified in its memorandum of association. Other synonyms for authorized capital stock include "registered capital", "nominal capital", and "outstanding shares". Such capital can be used to fund company operations, acquire assets, or pay dividends to shareholders. The authorized capital stock plays a crucial role in determining the financial health and growth potential of a company, as it indicates the level of investment that can be infused by shareholders.