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Treasury stock definition - finance
Stock that is authorized and issued by a company and is later bought back. Dividends are not paid on Treasury stock, and no voting rights are associated with them. A corporation can hold Treasury stock indefinitely, reissue the shares, or cancel them. Treasury stock is not related to U.S. Treasury debt.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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