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English definition of “no-par”

no-par

adjective
 
 
( 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)
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