Examlex
Raymond is converting a recipe from English to metric units. If the recipe calls for 1.6 pints of milk, how many liters of milk is this? Round to the nearest thousandth.
Par Value
The nominal or face value of a stock or bond as stated by the issuing company, not necessarily reflecting its market value.
Legal Capital
Minimum amount of capital that a corporation must leave in the company (cannot be withdrawn by stockholders) for the protection of the creditors.
Stated Value
A value assigned to no-par stock by the company's board of directors.
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