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Thus, stockholders under certain statutes have a personal liability making them individually responsible for the debts of the corporation to the extent of the par value of their stock or some other specified limit.
That the Commercial National Bank of Ogden, Utah, is a corporation organized and existing under and by virtue of the laws of the United States; that said corporation is doing a banking business in Ogden City, Weber county, state of Utah; that the capital stock of said bank is $100,000, divided into 1,000 shares of the par value of $100.00 per share.
Upon the death of William H. Campbell, his executors, for the purpose of paying the annuity bequeathed by him to his sister, set apart the aforesaid United States bonds, of the par value of $13,000, and kept them intact during the life of the annuitant.
For Ginnie Mae, Fannie Mae, and Freddie Mac pass-through securities, the accepted variance is plus or minus 2.499999 % per million of the par value of the TBA quantity.
Similar(56)
The Libor-plus formula computes now to interest of 5.25% (calculated on the par value).
Bonds, each for the par value of $1,000, aggregating nearly two and a half millions of dollars, were issued by the state.
Appropriate resolutions were adopted, an amount equivalent to the par value of the proposed new stock was transferred accordingly, and the new stock duly issued against it and divided among the stockholders.
There can be a happy ending, but like Nicholas, Bill, George and others, are having a hard time figuring it out.
As the single-A tranche is selling at $38.42,it means that the cost of protecting the par value of the investment is 61.58 cents per dollar, or $6,158,000 in a single premium for protecting a $10 million holding.
While the prices may not be as appealing as the long-term notes on an iffy company, you'll have a better chance of recovering the par value if there's an asset sale or an equity infusion.
The buyer of an individual bond is assured of getting back the par value of the bond at maturity no matter what the interest rate is at that time.
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CEO of Professional Science Editing for Scientists @ prosciediting.com