Stock

The capital of a merchant or tradesman, including his money, merchandise, and credits. See "Capital." The goods and wares he has for sale and traffic. Of Corporations. The amount of money or property subscribed and paid in, or agreed to be paid in, by the shareholders. It is ordinarily divided into equal shares of a determined value, and apportioned among the stockholders in proportion to the amount which they have paid in, or for which they are liable. Distinction has been made between the capital stock, which is an asset of the corporation, and the shares of stock, which are the property of the several shareholders.

34 Eng. & Am. Corp. Cas. 223.