par value stock

Stock originally issued for a fixed value derived by dividing the total value of capital stock by the number of shares to be issued.

• The par value does not bear a necessary relation to the actual stock value because surplus plays a role in the valuation. [Cases: Corporations 62. C.J.S. Corporations §§ 126, 128, 148–151.]

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词条贡献者

资深译员大智，毕业于美国一流的高级翻译学院，专注翻译各种与复杂诉讼有关的法律文件。