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 ?
com/topics/detail/260/apple-inc/) Apple to allow a stock buyback.
During Tucows' previous stock buyback program, which ended on February 28, 2014, Tucows repurchased and retired 35,769 common shares taking into account the one-for-four reverse stock split effective as of December 30, 2013.
The bulk of the money has gone to overhaul its capital structure with stock buybacks and debt reduction, the rest to alter AutoNation's future direction, with capital improvements and a spate of acquisitions.
The market praised Toyota's initiative, which showed that companies can make efforts to boost the value of their stocks by utilizing the existing stock buyback system, while so many other companies, although making profits, do not do anything but simply complain about the downfall of their stocks,'' said Tsuyoshi Segawa, head of the equity department at Sakura Securities Co.
from available cash on hand to repurchase outstanding shares of its common stock and will receive a substantial majority of the shares to be delivered under the accelerated stock buyback by no later than March 7, 2011.
Although dividend payouts are generally smaller for repurchasing firms, as compared to their industry peers, the dividend payout ratios increase once the stock buyback program is over.
Tuesday's announcement by Toyota of its stock buyback plan, aimed at helping to bolster the value of its shareholders' equity, boosted the market as it reduced concerns about too many sales related to unwinding of cross-held shares, brokers said.
AOL and Time Warner executives say purchase accounting will enable the new company, AOL Time Warner, to dispose of unproductive assets and conduct stock buybacks.
Stock buybacks - which could reach 9 percent of the outstanding shares - also should boost shareholder value.
In a letter to Apple Inc investors dated Feb 10, Mr Icahn wrote he was backing off from his non-binding proposal that would be forcing the iPhone maker to add another $50 billion to its stock buyback plan.
announced Wednesday a stock buyback program of up to 500,000 shares, or about 5 percent, of the company's common stock.
The Company's previously available stock buyback authorization was approximately 1.