Final answer:
The correct term for a company's own stock that it has issued and later reacquired is treasury stock.
Step-by-step explanation:
The correct term for a company's own stock that it has issued and later reacquired is treasury stock.
Treasury stock refers to the shares of a company's stock that the company has repurchased from existing shareholders. These shares are held by the company itself and are not considered as outstanding shares.
Companies may repurchase their own stock for various reasons, such as to increase the stock price or to have additional shares available for employee stock options or acquisitions.