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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词条贡献者

法律翻译Howard，在一家顶尖的美国律师事务所担任专职法律翻译，专注翻译各类与信托与财产规划有关的法律文件。