Unissued stock


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Unissued stock

Unissued Capital Stock

Stock that a publicly-traded company is authorized to issue but has not. Generally, the company's charter specifies the maximum number shares it is allowed to issue, but shareholders can increase or decrease it according to procedures listed in the charter. There is normally a larger amount of unissued capital stock than is required in order to give a company the greatest amount of flexibility. See also: Authorized shares.
References in periodicals archive ?
At the date of sale, the reissuance is recorded just as one would for the sale and issuance of unissued stock.
Stock purchased under this program will be restored to the status of authorized but unissued stock of the Company.
Shares acquired by repurchase will be returned to the authorized but unissued stock of the Company.
The Common Stock may be either shares of authorized but unissued Stock or shares of Stock purchased by the Company in the open market.