Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
no-par-value stock
See no-par stock under STOCK.
par-value stock
Stock originally issued for a fixed value derived by dividing the total value of capital stock by the number of shares to be issued. 9 The par value does not bear a necessary relation to the actual stock value because of the part surplus plays in the valuation.