no par

Definition of "no par"
  1. Refers to a type of stock that does not have a specific face value
How to use "no par" in a sentence
  1. The company decided to issue no par stocks to avoid setting a definite price.
  2. Many corporations prefer no par stocks as it provides flexibility in pricing.
  3. Because the common stock was no par, the issuing price was determined by current market conditions.

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