| 单词 | no par value capital stock |
| 释义 | no par value capital stock no par value capital stock In the USA and Canada, stock (shares) that have no par value printed on the stock certificate. An advantage of such stock is that it avoids a contingent liability to stockholders in the event of a stock discount. For accounting purposes, on the issue of no par value capital stock, cash is debited and a capital stock account credited with the total proceeds received. No premium account is required. No par value shares are not permitted under UK law. |
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