Overissue vs. Authorization — What's the Difference?

The issue, as of notes or securities, in excess of the issuer's capital, credit, or authority.

Authorization is the function of specifying access rights/privileges to resources, which is related to general information security and computer security, and to access control in particular. More formally, "to authorize" is to define an access policy.

(transitive) To issue too much or too many of.

The act of authorizing.

(economics) To issue shares or banknotes to an extent beyond the ability to pay, or in excess of authorization

Something that authorizes; a sanction.

The act of so overissuing.

(uncountable) Permission.

An excessive issue; an issue, as of notes or bonds, exceeding the limit of capital, credit, or authority.

(countable) An act of authorizing.

To issue in excess.

(countable) (A document giving) formal sanction, permission or warrant.

(government) Permission, possibly limited, to spend funds for a specific budgetary purpose.

The act of giving authority or legal power; establishment by authority; sanction or warrant.

A document giving an official instruction or command

The power or right to give orders or make decisions;

Official permission or approval;

The act of conferring legality or sanction or formal warrant