Juridical Dictionary

This dictionary contains:
8526
juridical terms

Par value shares






Par value shares

Shares issued by a company which have a minimum price. Shares which are without par value or "non par value shares" are shares which may be sold at whatever price the company's board of directors decides.

RELATED TERMS
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Company
An association of a number of individuals for the purpose of carrying on some legitimate business.

Price
contracts. The consideration in money given for the purchase of a thing.

Without
Pleading. This word is adopted in formal traverses, and is a negative signifying "and not for;" accordingly the language of the elder entries sometimes is, It et nemy pur tiel cause.

Value
Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange.

Board
This word is used to designate all the magistrates of a city or borough, or all the managers or directors of any institution; as, the board of aldermen; the board of directors of the Bank of North America. The majority of the board have in general the power to perform the acts of the whole board, but sometimes they are restrained by their charters, and it requires a greater number to perform certain acts.

Directors
Persons who are appointed to the board of directors under procedures contained in the Articles of Association are the directors of the company. Shadow directors may also be treated as directors in some circumstances. Executives whose job title describe them as a director but are not members of the board are not treated as directors, although they may have ostensible authority to bind the company as if they were.



SIMILAR TERMS
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Par delictum
(United Kingdom) Equal fault.



PREVIOUS AND NEXT TERMS
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Paper-book
Practice. A book or paper containing an abstract of all the facts and pleadings necessary, to the full understanding of a case.

Paperbound supplement
A temporary supplement to a book or books to update the serve.

Papirian code
The name of a collection of the Roman laws, promulgated by Romulus, Numa, and other kings who governed.

Par
Common law. Equal. It is used to denote a state of equality or equal value. Bills of exchange, stocks, and the like, are at par when they sell for their nominal value; above par, or below par, when they sell for more or less.

Par delictum
(United Kingdom) Equal fault.

Par value shares

Parage
Equality of name or blood, but more especially of land in the partition of an inheritance among co-heirs, hence comes disparage and disparagement.

Paragium
A Latin term which signifies equality. It is derived from the adjective par, equal, and made a substantive by the addition of agium;

Paralegal
A person who is not a lawyer or is not acting in that capacity but who provides a limited number of legal services. Each country differs in the authority it gives paralegals in exercising what traditionally would be lawyers' work.

Paramount
That which is superior.

Paraphernalia
The name given to all such things as a woman has a right to retain as her own property, after her hushand's death; they consist generally of her clothing, jewels, and ornaments suitable to her condition, which she used personally during his life.

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This dictionary contains 8526 terms.