What is the definition of Treasury Stock?
Corporate stock that is issued, completely salaried for, and reacquired by the corporation at a later point surrounded by time. Treasury stock or shares may be purchased by the corporation, or reacquired through donation, FORFEITURE , or some other method. It is then regard as the PERSONAL PROPERTY of the corporation and part of its assets. The corporation can go the stock for cash or credit, for par convenience or market plus, or upon any terms that it could be sold by a stockholder. Shares that the corporation have not issued in spite of its authority to do so are ordinarily not regard as treasury shares but are merely unissued shares.
