no-par value stock
- Shares of a company's stock that are issued without a set face or 'par' value and carried in the company's financial records as part of either the capital stock or the capital surplus, depending on legal allowances
- The company decided to issue no-par value stock to avoid setting a legal capital limit.
- Investors were attracted to the company due to its issuance of no-par value stock, which provided a higher degree of flexibility.
- Having no-par value stock in the market gave the corporation flexibility in terms of how they recorded it in the accounting books.