no par

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No Par

A stock that is not assigned a face value at issue. This was once important but no longer is because the prices of stocks vary constantly.

no par

Of or relating to a stock with no specific value assigned to it at the time of issue. Whether a stock has a par value or not is no longer of any consequence to investors.
References in periodicals archive ?
Conversion to No-Par Value Stock, Strategic Management Holding Company
convert the Company's shares to no-par value stock in preparation