noun
no-par stock; no-par-value stock
A financial term for shares that do not have a stated face value. Contrasts with 額面株 (par-value stock).
See also: 額面株
日本の会社法では、無額面株の発行が認められている。
Under Japanese company law, the issuance of no-par stock is permitted.
額面株 has a stated face value, while 無額面株 does not.
Compound of 無 (mu, 'without') + 額面 (gakumen, 'face value') + 株 (kabu, 'stock').