For example
The authorised share capital of the firm came to five million pounds.
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The highest amount of share capital that a company can issue. The amount is set out in the company's memorandum of association.
Share capital which has been allocated to shareholders who have subscribed for (asked for) shares.
A share entitled to a fixed dividend. Holders of preference shares are treated more favourably than ordinary shareholders. The preference dividend is at a fixed rate and must be paid in full before a dividend can be paid on the ordinary shares. When the company is wound up the preference shares must be fully paid out before the ordinary shareholders can be paid.