A par value is a value, derived from the game of golf, that is attached to the assets of a corporation.

Name: A par value is a value, derived from the game of golf, that is attached to the assets of a corporation.
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Quizplus · Accepted Answer

A par value is a nominal value assigned to the shares of a company at the time it is incorporated, and has nothing to do with golf. It is usually a small value such as $0.01 or $0.10, and represents the minimum amount per share that shareholders must pay when purchasing stock.

A Par Value Is a Value, Derived from the Game