discount stock

A stock share issued for less than par value.

• Discount stock is considered a type of watered stock, the issuance of which may impose liability on the recipient for the difference between the par value and the cash amount paid.

— Also termed discount share. [Cases: Corporations 99(3). C.J.S. Corporations § 170.]

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词条贡献者

法律翻译Cathy，在一家英国银圈所担任专职法律翻译，擅长翻译有关城市基础设施领域的法律文件。