What is the meaning of outstanding shares?

Business English Lesson, Advanced Level

ESL/EFL Test #171 [color=blue]“Asset Classes”, question 4

Market capitalization (market cap) is a measure of the size and value of a company; to determine this, you simply multiply the number of the company’s shares of stock by the market price of one share.

(a) corporate
(b) individual
© open market
(d) outstanding

Business English Lesson, Advanced Level

ESL/EFL Test #171 [color=blue]“Asset Classes”, answer 4

Market capitalization (market cap) is a measure of the size and value of a company; to determine this, you simply multiply the number of the company’s outstanding shares of stock by the market price of one share.

Correct answer: (d) outstanding
[size=200]_________________________[/size]

What is the meaning of outstanding shares?
thanks.

Hi,

‘Outstanding’ in this sentence suggests ‘remaining’ those that are still there.

Alan