Examlex
Which of the following is a certificate of indebtedness?
Stare Decisis
“Standing by the decision” a principle stating that rulings made in higher courts are binding precedent for lower courts.
Watered Stock
Stock that is issued to individuals below its fair market value.
Fair Market Value
The price a willing buyer would pay a willing seller in a transaction where both parties have reasonable knowledge of the relevant facts and neither is under compulsion to act.
No-Par Stock
Shares issued without a nominal or face value, where the value is determined by the price investors are willing to pay.
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