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 ?
BRF" - BM&FBovespa: BRFS3; NYSE: BRFS - "Company") hereby announces that, the Board of Directors at a meeting held today, approved the Company's Share Buyback Program ("Share Buyback Program") under the following conditions:
The share buyback programme will run from May 20, 2015, to July 28, 2015, and have an upper limit of 25 million shares of Nomura Holdings common stock, or 0.
Ahmad Idris, Chief Executive Officer of Insurance House, said, "We believe that continuing the share buyback program is in the best interest of our shareholders and reflects our continued confidence in IH's strategy to generate long-term profitable growth.
Commenting on the updates, Iain Mackintosh of Simply-Docs said: "Many businesses will be affected by the changes to the share buyback rules.
A share buyback can, therefore, transfer wealth from shareholders anxious to exit in favour of committed shareholders.
Kornblue noted that a robust share buyback activity reflects a generally healthy underlying market – but there are exceptions.
Drake & Scull International has bought back 8m shares this week after temporarily halting its share buyback while announcing its second quarter results,' it said.
Shuaa Capital and Emaar initiated share buyback programs last month.
3 million) share buyback programme and was due to complete it fully by the end of September.
Auto Business News-18 June 2008-Daimler to start share buyback programme(C)2008 ENPublishing - http://www.
It is thought that the group will use the occasion of its annual results tomorrow to unveil plans for a major share buyback programme, according to a newspaper report yesterday.
The share buyback programme has been set at around USD350m a year and about USD1bn over three years, Reuters reported.