Meaning of the word "treasury stock" in English

What does "treasury stock" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

treasury stock

US /ˈtreʒ.ər.i ˌstɑːk/
UK /ˈtreʒ.ər.i ˌstɑːk/
"treasury stock" picture

Noun

1.

shares of a company's own stock that it has repurchased from the open market

Example:
The company decided to buy back its own shares, converting them into treasury stock.
Holding treasury stock can reduce the number of outstanding shares.
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