no-par

[ noh-pahr ]

adjective

1. without par or face value:

   no-par stock.

no-par

adjective

1. (of securities) without a par value

Word History and Origins

Origin of no-par¹

1920–25; special use of phrase no par ( value )

Example Sentences

The subscription period of the right issue, in which about 597.7 million new no-par value shares will be issued, will run from Sept. 22 to Oct.

From Reuters

About 1 billion pounds in cash, the rest in no-par common stock.

From Time Magazine Archive

And Fiberglas' 27,500 shares of $100 cumulative preferred, 402,500 authorized shares of no-par common will be sold not to the public but to the step-parent firms.

From Time Magazine Archive

Curtis no-par common stock paid 60� a share, as against last year's 42�.

From Time Magazine Archive

It also has 707,275 shares of no-par Class B preferred, which is supposed to pay $5 a year.

From Time Magazine Archive