Unissued Stock

Unissued stock is stock that has been authorized in a company's charter, but has never been sold. It differs from Treasury stock (in the UK, Treasury shares, as treasury stock means something else), in that treasury stock has been issued, and bought back by the company, whereas unissued stock has never been issued.


Famous quotes containing the word stock:

    However low and poor the taking Snuff argues a Man to be in his own Stock of Thought, or Means to employ his Brains and his Fingers, yet there is a poorer Creature in the World than He, and this is a Borrower of Snuff; a Fellow that keeps no Box of his own, but is always asking others for a Pinch.
    Richard Steele (1672–1729)