Treasury Stock

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Treasury Stock

Corporate stock that is issued, completely paid for, and reacquired by the corporation at a later point in time.

Treasury stock or shares may be purchased by the corporation, or reacquired through donation, Forfeiture, or some other method. It is then regarded as the Personal Property of the corporation and part of its assets. The corporation can sell the stock for cash or credit, for par value or market value, or upon any terms that it could be sold by a stockholder. Shares that the corporation has not issued in spite of its authority to do so are ordinarily not regarded as treasury shares but are merely unissued shares.

treasury stock

n. stock of a private corporation which was issued and then bought back by the corporation or otherwise reacquired by the corporation. Treasury stock held by a corporation earns dividends for the corporation but the corporation may not cast votes in decision-making the way a regular shareholder would be entitled. (See: stock, share)

References in periodicals archive ?
During the period from February 14 through February 16, 2007, ASML acquired 3,275,000 of its shares pursuant to the share buyback program, at an average price of EUR 19.
We, the Board, are confident that the Group's financial position and its cash generating abilities allow the Company to finance organic development of the Cheleken Contract Area, add new assets to its portfolio, pay regular dividends and return surplus funds to shareholders through a share buyback programme.
Sydbank A/S (CPH:SYDB), a large full service bank in Denmark, reported on Tuesday that under its share buyback programme, it has accumulated a total number of 2,690,220 shares, for a gross value of DKK663,998,681.
On November 7, 2006, Heidelberger Druckmaschinen AG launched a second share buyback program: A total of up to 5 percent of the company's capital stock - a maximum of 4,152,535 shares - is to be repurchased on the stock market by January 2008 at the latest.
The share buyback program initiated last week by the Management Board to repurchase up to 5 percent of the Company's share capital (up to 4,152,535 shares) starts today and will run till January 19, 2008 at the latest.
Heidelberger Druckmaschinen Aktiengesellschaft will provide regular updates on the transactions and the progress of the share buyback program at www.
M2 EQUITYBITES-November 29, 2017-GN Store Nord reports on share buyback programme
As a part of this, the Company reduced headcount through an early retirement program and conducted a share buyback program, both of which were successfully achieved.
NORDIC BUSINESS REPORT-November 22, 2017-GN Store Nord reports on share buyback programme
M2 EQUITYBITES-November 22, 2017-GN Store Nord reports on share buyback programme
MOSCOW, Russia -- "COMSTAR - United TeleSystems" ("Comstar UTS") (LSE:CMST), the leading provider of integrated communications services in Moscow, today announced that its Extraordinary General Meeting approved a share option programme that will be funded through a share buyback of Company stock in the form of its Global Depositary Receipts (GDRs).
NORDIC BUSINESS REPORT-November 15, 2017-GN Store Nord reports on share buyback programme