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

译者张文，国际知名商学院金融专业，擅长翻译各种与结构性融资及衍生品诉讼相关的法律文件。