unissued stock


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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)

References in periodicals archive ?
Treasury stock is in substance the same as unissued stock.
The new stock may be issued as a result of the sale of previously unissued stock or Treasury stock, the exercise of stock options or the exercise of stock warrants that were issued in conjunction with a debt offering.
Any repurchased stock will become authorized and unissued stock available for future issuance by Millennium.
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.
All shares purchased will be restored to the status of authorized but unissued stock.
Stock purchased under this program will be restored to the status of authorized but unissued stock of the Company.
We believe that the use of repurchased stock in order to fund the plans, rather than using authorized but unissued stock, is in the best interests of all stockholders.
Shares acquired by repurchase will be returned to the authorized but unissued stock of the Company.
The Common Stock may be either shares of authorized but unissued Stock or shares of Stock purchased by the Company in the open market.