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unissued stock |
Also found in: Financial, Wikipedia | 0.06 sec. |
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unissued stock n. a corporation's shares of stock which are authorized by its articles of incorporation, but have never been issued (sold) to anyone. They differ from "treasury stock," which is stock that was issued and then reacquired by the corporation. (See: stock, corporation, treasury stock) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Another major advantage of an ESOP is that it is the only tax qualified plan that can borrow money to purchase stock from selling shareholders or to buy authorized but unissued stock from the company itself. The business combination would be subject to the Company completing its investigation of the viability of the project, obtaining construction financing for the project and may be subject to shareholder approval to increase the authorized and unissued stock of the Company's and to change the name of the Company to a name related to the Company's business operations. Another major advantage of an ESOP is that it is the only tax qualified plan that can borrow money to purchase stock from selling shareholders or to buy authorized but unissued stock from the company itself. |
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unissued stock
