overissue

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

overissue o'ver·is'sue v.

Shares of Capital Stock issued in excess of those authorized. Preventing overissue is the function of a corporation's Registrar (usually a bank acting as agent), which works closely with the Transfer Agent in canceling and reissuing certificates presented for transfer and in issuing new shares.

Shares of Capital Stock used in excess of those authorized. Preventing overissue is the function of a corporation's Registrar (usually a bank acting as agent), which works closely with the Transfer Agent in canceling and reissuing certificates presented for transfer and in issuing new shares.