no-par shares

no-par shares
See non-par value stock.

Ballentine's law dictionary. . 1998.

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  • par — I. /pa / (say pah) noun 1. an equality in value or standing; a level of equality: the gains and the losses are on a par. 2. an average or normal amount, degree, quality, condition, or the like: above par, below par, on a par with. 3. Commerce a.… …  

  • par — /pɑ:/ adjective equal, at the same price ♦ shares at par shares whose market price is the same as their face value …   Dictionary of banking and finance

  • Par value — Par value, in finance and accounting, means stated value or face value. From this comes the expressions at par (at the par value), over par (over par value) and under par (under par value). The term par value has several meanings depending on… …   Wikipedia

  • par value — n: par(a) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. par value …   Law dictionary

  • par-value stock — Shares in a corporation that were given a stated share price (par value) when issued. Compare: no par stock Category: Business, LLCs & Corporations → LLCs, Corporations, Partnerships, etc. Nolo’s Plain English Law Dictionary. Gerald N. Hill,… …   Law dictionary

  • par|ti|ceps cri|mi|nis — «PAHR tuh sehps KRIHM uh nihs», Latin. a person who shares in a crime; accomplice …   Useful english dictionary

  • par|tic|i|pant — «pahr TIHS uh puhnt», noun, adjective. –n. a person who shares or participates; sharer; participator: »Each correct answer gives the audience participant a right to take [an item] from the girl in the spotlight (Time). –adj. participating;… …   Useful english dictionary

  • shares — Stock Stock (st[o^]k), n. [AS. stocc a stock, trunk, stick; akin to D. stok, G. stock, OHG. stoc, Icel. stokkr, Sw. stock, Dan. stok, and AS. stycce a piece; cf. Skr. tuj to urge, thrust. Cf. {Stokker}, {Stucco}, and {Tuck} a rapier.] 1. The stem …   The Collaborative International Dictionary of English

  • par — The face value of a security. For example, a bond selling at par is worth the same dollar amount it was issued for or at which it will be redeemed at maturity. Chicago Board of Trade glossary (1) The principal or maturity value of a non… …   Financial and business terms

  • PAR — 1 The standard delivery point or points. 2 The quality of commodity represented in the contract that is deliverable at contract price. Serves as a benchmark upon which to base discounts or premiums for varying quality.3 For debt securities,… …   Financial and business terms

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