authorized capital(The authorised capital of a company (sometimes referred to as the authorised share capital or the nominal capital, particularly in the United States) is the maximum amount of share capital that the company is authorised by its constitutional documents to issue to shareholders. Part of the authorised capital can (and frequently does) remain unissued. The part of the authorised capital which has been issued to shareholders is referred to as the issued share capital of the company. In the United Kingdom, the concept of authorised share capital was abolished under the Companies Act 2006. Alexander Demidov)
statutory capital(The amount of capital and/or surplus required in order for an insurance company to obtain and retain a license to do business. May be stated as a minimum dollar amount or by reference to a solvency ratio or a solvency margin. irmi.comAlexander Demidov)
