no-par stock

Definition of "no-par stock"
  1. Corporate shares issued without a declared per-share value
How to use "no-par stock" in a sentence
  1. The company issued no-par stock to avoid potential liabilities related to stock devaluation.
  2. As a shareholder, he received no-par stock, which lacks a set price per share.
  3. No-par stock can provide flexibility for a corporation during share issuance.
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