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Simple English definitions for legal terms

no-par stock

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A quick definition of no-par stock:

A no-par stock is a type of stock where the value of the stock is not based on a guaranteed minimum value (called the par value) set at the time of issuance. Instead, the value of the stock is determined by the market. This means that investors rely completely on the market to determine the value of their shares. No-par stocks were originally used to give corporations more flexibility in selling their stocks and using their resources, but today, most states allow corporations to issue par value stocks with a very low value, essentially avoiding any difficulties with the par value.

A more thorough explanation:

No-par stock is a type of stock where the value of the shares is not based on a guaranteed minimum value, known as the par value. Instead, the value of the shares is determined by the market. This means that investors rely completely on the market to determine the value of their shares.

For example, if a company issues 100 shares of no-par stock and the market determines that each share is worth $10, then the total value of the shares would be $1,000.

No-par stocks were originally used to provide greater flexibility for corporations in selling their stocks and using their resources. However, today, most states allow corporations to issue par stock with a very low par value, such as one penny, which eliminates the need for no-par stock.

Overall, no-par stock is a type of stock that does not have a guaranteed minimum value and relies completely on the market to determine its value.

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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