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Nominal Capital


Nominal Capital - Nominal Capital is maximum value of the securities that a firm can legally issue. This number specified in the memorandum of association, or articles of incorporation in the United States, when a firm is incorporated, but it changes later with the shareholders approval. Authorized share capital divided into Issue Capital. The par value of the shares actually issued. It pays up capital, money received from the shareholders in exchange for shares. It is uncalled capital, money remaining unpaid by the shareholder for the shares of stock they purchased. It called an authorized capital, authorized stock, nominal capital, or registered capital.

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Definition of the Day Australian Securities Exchange

Australian Securities Exchange - The Australian Securities Exchange is the largest stock exchange in all of Australia, and is also known as the ASE, which opened for operation in 1987. Although its operations and functions have change with the times, it was transformed in 2006 after becoming the product in...

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