NO-PAR VALUE CAPITAL STOCK Definition

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NO-PAR VALUE CAPITAL STOCK are shares designated in the charter that do not have a par or assigned value printed on the issued stock certificate.

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BAD DEBT is an open account balance or loan receivable that has proven to be uncollectible and is written off.

BUILDING SOCIETY, similar to a Savings and Loan in the U.S., is a UK savings institution that specializes in loans for house purchase. Their members own building societies.

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