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Treasury stock
(redirected from Redemption of shares)

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
Treas´ur`y stock
1.(Finance) Issued stock of an incorporated company held by the company itself.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.treasury stock - stock that has been bought back by the issuing corporation and is available for retirement or resale; it is issued but not outstanding; it cannot vote and pays no dividends
stock - the capital raised by a corporation through the issue of shares entitling holders to an ownership interest (equity); "he owns a controlling share of the company's stock"


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Only last month the glass giant had to borrow pounds 193m to plug a hole in its balance sheet due to the impending redemption of shares in March that were issued 20 years ago.
304 applies to recast a sale of shares of one controlled (acquired) corporation to an affiliated (acquiring) corporation as a redemption of shares by the acquiring corporation from the controlling (selling) corporation.
PRODUCTS, OPERATIONS & TECHNOLOGY Major management services include the initial formation of a mutual fund, sales and redemption of shares, investment advisory services, and day-to-day management.
 
 
 
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