noun
no-par stock; no-par-value stock
A financial term for shares issued without a stated par value. The shorter form 無額面株 is also used.
See also: 無額面株
この会社は無額面株式を発行している。
This company issues no-par-value stock.
Compound of 無 (mu, 'without'), 額面 (gakumen, 'face value'), and 株式 (kabushiki, 'stock').