Meaning of “no-par” in the English Dictionary

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"no-par" in Business English

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uk us also no-par-value

FINANCE, STOCK MARKET used to describe company shares that have no stated value 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)