No-par value stock

Definition
: stock issued with no par value which may be carried for corporate accounting purposes as part of the capital stock or as part of the capital surplus to the extent allowed by law

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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slight negligence

failure to exercise the great degree of care typical of an extraordinarily prudent person

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