nonpar

nonpar
non·par /'nän-ˌpär, ˌnän-'pär/ adj: nonparticipating

Merriam-Webster’s Dictionary of Law. . 1996.

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  • par value — The value of an instrument for the payment of money as determined by the face of the instrument. The face value of a bond. An amount fixed as the nominal value of a share of corporate stock, such amount indicating the sum of money or value of… …   Ballentine's law dictionary

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