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Definition of No-par stock
1. Noun. Stock with no par value specified in the corporate charter or on the stock certificate.
Lexicographical Neighbors of No-par Stock
Literary usage of No-par stock
Below you will find example usage of this term as found in modern and/or classical literature:
1. Corporation Procedure: Law, Finance, Accounting by Thomas Conyngton, Robert Joseph Bennett, Paul Whittier Pinkerton, Hugh Ronald Conyngton (1922)
"Using a Nominal Value for No-Par Stock The nature and advantages of ... When,
however, it is insisted that no-par stock be carried in the accounts and on ..."
2. The New York Stock Exchange: A Discussion of the Business Done by H. S. Martin (1919)
"Where a $100 par stock is selling at say $10 a share, the public knows the value
needs inquiry into, but as to a "no-par" stock no such standard is at hand. ..."
3. Accounting Theory: With Special Reference to the Corporate Enterprise by William Andrew Paton (1922)
"... of the other difficulties of accounting for capital stock would disappear.
In this connection the recent development of "no-par" stock is encouraging. ..."
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