The number of shares that a corporation's charter allows it to sell is referred to as:

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The number of shares that a corporation's charter allows it to sell is referred to as authorized stock. Authorized stock represents the maximum number of shares that a corporation can issue, as specified in its articles of incorporation or corporate charter. Preferred stock (A) and common stock (B) are types of stock issued by a corporation, while outstanding stock (D) refers to shares of stock that have been issued and are currently owned by shareholders, and issued stock (E) refers to shares of stock that have been sold or allocated, whether or not they are currently owned.

The Number of Shares That a Corporation's Charter Allows It