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Simple English definitions for legal terms

stated value

Read a random definition: Promissory estoppel

A quick definition of stated value:

Stated value refers to the value of a financial instrument or security that is shown on its face, such as the dollar amount assigned to a stock share or the principal of a bond. It is also known as par value, face amount, face value, or nominal value. In the past, par value was important because it indicated the amount for which shares would be issued, but today it serves only a minor function and is not an indication of the price at which shares are issued, except that the price must be equal to or greater than par value for shares of common stock with a par value.

A more thorough explanation:

Definition: Stated value is the value of an instrument or security as shown on its face. It is the arbitrary dollar amount assigned to a stock share by the corporate charter or the principal of a bond. It is also known as par value, face amount, face value, or nominal value.

Example: A company issues 100 shares of common stock with a par value of $10 per share. The stated value of each share is $10. This means that the company has assigned a value of $10 to each share of stock.

Explanation: Stated value is the value assigned to a security by the company that issues it. In the example above, the company has assigned a par value of $10 to each share of common stock. This means that the company has determined that each share of stock is worth $10. However, the actual market value of the stock may be higher or lower than the par value. The par value is important because it sets a minimum price for the stock. The price of the stock cannot be lower than the par value.

stated term | state government

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darthaifos33
14:36
like**
darthaifos33
14:36
and UPenn for that matter! Would be greatly appreciated
yay pookie! congrats!
14:39
omg this guy on the deposition is screamingggg
darthaifos33
14:39
And congrats!!!!!!<3
14:49
like it's crazy
i've heard great things about UVA! I visited upenn and hated it so much / felt so uncomfy there and the starbucks by campus got robbed while i was there waiting for my tour to start lol
darthaifos33
14:59
@OptimisticOutlier That sounds terrible, I'm sorry you had to experience that lol. Can I ask what made you feel uncomfortable? Like the sketchy vibes of the city or like the camp\us itself etc.?
darthaifos33
14:59
campus
penn is in a nice area
right next to drexel
it was campus itself, honestly i can't explain what it actually is. I felt the same way when I was touring schools for undergrad, pretty much pulled up to upenn and told my mom i knew i didn't like it and didn't need to take the tour lol
would argue with the nice area piece lol i think all of philly is kinda scary, someone pulled a gun on my team while we were down for a football game at upenn and walking around at night
but that said, i'm pretty happy i moved to pa after school and i know lots of people love upenn!
dear god is that sketchy
definetly safer than how its being described
people are absolutely crwzy
yeah yeah will 10000% agree i've had like bad outlier experiences lol
u are the optimistic outlier after all
true!
how do i tell my boss im quitting and need to take off on monday (visiting ND on monday to meet with dean and check the vibes, was gonna put in my 2 weeks regardless
16:00
NEED
16:00
i luv being an art hoe snob
amlaw
16:38
believe it or not i didn’t miss any calls
OvertReconditeSpider
18:03
Lol all of philly is a dumpster fire
OvertReconditeSpider
18:03
Yet i am moving there for law school in 14 days lol
manifestmoreadmissions
18:56
@OptimisticOutlier: congratulations!!!
21:14
I live in that area. It isn't bad at all
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