no par(redirected from No-Par-Value Capital Stocks)
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.