Capital Stock” typically refers to the type and number of shares of Equity Securities (e.g., Common Stock and Preferred Stock) that a Corporation may issue, as determined by its Certificate of Incorporation. The term Capital Stock may indicate the number of Authorized Shares or the Issued and Outstanding Shares.

Capital Stock also is an accounting item on the Balance Sheet, which reflects the amounts received by the Corporation from the issuance of its shares of Equity Securities.

See also Equity Securities.