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.