Treasury Stock - Capital stock unsubscribed, or of which a corporation has acquired possession
from its original owners. Stock set aside for sale in order to raise working capital. Commonly
bought on the assumption that it has been paid for, issued and returned to the treasury.  Issued
and outstanding stock of the company that has been donated to or purchased by the corporation
and which is held subject to disposal by the directors. To style unissued stock treasury stock is a
misnomer.  That portion of the paid-up stock of a company which reverts to the treasury, and
thereby reduces the company's liabilities without impairing its assets; hence it is, that donated
stock is unqualifiedly treasury stock, and that forfeited stock and repurchased stock are, in a
measure, treasury stock.