No-par stock
Definition
Stock with no set value assigned to it in the corporate charter. No-par stock has become the most common type of stock issued by corporations and presents tax advantages, since most states tax based on par value.
See also
Definition from Nolo’s Plain-English Law Dictionary
Shares in a corporation that are issued without a stated value per share. Compare: par-value stock
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:20 pm
