no-par Meaning in the Cambridge English Dictionary
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Meaning of “no-par” in the English Dictionary

"no-par" in Business English

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uk   us   (also no-par-value)
FINANCE, STOCK MARKET used to describe ​companyshares that have no ​statedvalue when they are made ​available for the first ​time: With no-par-value ​stock, the ​directors decide how much must be ​paid for the ​stock each ​time it is ​issued to a ​shareholder.
(Definition of no-par from the Cambridge Business English Dictionary © Cambridge University Press)
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