no par stock

Stock issued without a specific value assigned to it.

• For accounting purposes, it is given a legal or stated value that has little or no connection to the stock’s actual value. — Sometimes shortened to no par.

— Also termed no-par-value stock.

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双语律师Jason，国内知名法学院国际贸易专业，擅长翻译各类与出口管制、经济制裁及海关相关的法律文件。