Par Value

question 159

Multiple Choice

Par value

• A) is the monetary value assigned per share in the corporate charter
• B) represents what a share of stock is worth
• C) represents the original selling price for a share of stock
• D) is established for a share of stock after it is issued

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Definitions:

Life Estate

A legal arrangement where an individual has the right to occupy, use, or benefit from a property during their lifetime, after which the property reverts to another designated person or the estate.

Retain

To keep possession of or continue to hold or employ someone or something.

Concurrent Ownership

A form of property ownership in which two or more parties possess rights to the same property at the same time.

Joint Tenancy

A form of co-ownership where two or more persons hold an undivided interest in property with the right of survivorship, meaning when one owner dies, their interest passes to the surviving co-owner(s).