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LSDefine

Simple English definitions for legal terms

retired stock

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A quick definition of retired stock:

Retired stock is a type of stock that a company has bought back from its shareholders and either canceled or kept. It is also known as treasury stock. This means that the company has fewer shares available for trading, which can affect the value of the remaining shares. It is important for investors to understand the impact of retired stock on a company's financial health.

A more thorough explanation:

Retired stock is a type of stock that a company has issued but then reacquired and either canceled or held. It is also known as treasury stock. Some states treat this stock as if it is authorized but unissued.

ABC Corporation issued 100 shares of common stock, but later reacquired 20 of those shares. These 20 shares are now considered retired stock or treasury stock.

This example illustrates how a company can buy back its own stock and hold it as treasury stock. This can be done for various reasons, such as to increase the value of remaining shares or to use the stock for employee compensation plans.

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14:39
@BigStrongBug: i saw that bug, they buggin!!!
renard99
14:39
I also got Penn WL
14:40
@Ineedabadbleep: american does not update on lawhub
@cumsock: 3.6 UGPA and 164 LSAT
cumsock
14:40
wow congrats was that rd
@cumsock: i also had rlly good recs and good personal statement, also extensive resume
14:40
@Ineedabadbleep: okay we are stats twins kinda (if u count urm boost)
[] starfishies
14:40
they said ed earlier
Trismegistus
14:40
god i hope i evade this R or I will spiral aha
14:41
do u think we will get into emory bleep
ReminiscentZestyFish
14:41
Some of these Penn WL's got crazy stats
cumsock
14:41
maybe i shouldve ed'd somewhere fook
[] starfishies
14:41
does bc offer scholly in the A email?
jackfrost11770
14:41
Oh I got WL, I didn't see it in the status. Wild lmfao no one's getting off it I guess
lilypadfrog
14:42
wow huge penn wave. I think i applied too late to be in this
@jackfrost11770: penn waitlist?
14:42
lilypad when did u apply
14:42
i am dreading the penn r
@PuppyBot: oh ok makes sense
renard99
14:43
@jackfrost11770: It's traditionally tough to get off it but not impossible. Their waitlist isn't ranked so it's certainly within reach if you're interested enough
lilypadfrog
14:43
@ChowieBean: end of nov
i applied nov. 15 lily
or 12th
renard99
14:43
Also Jack ik you and I haven't talked in a bit but we have similar stats, backgrounds, WE. If you ever want solace in this messy process text me on Discord
14:44
im still in the queue to be reviewed for penn so
lilypadfrog
14:44
@SplitterusClitterus: I applied like two weeks later. It was one of my last apps
jackfrost11770
14:44
I mean I think you're more likely to get WL than R at UPenn lmao, I'm taking it as an R whatever
ReminiscentZestyFish
14:45
Tru
GreyCeaselessMammoth
14:45
notHim at it again
14:45
notHim is a born WINNER
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