47.2k views
0 votes
BLANK stock is capital stock that does not have an amount per share specified in the corporate charter

User Amchacon
by
7.9k points

1 Answer

2 votes

Final answer:

Blank stock, also known as no par value stock, refers to the type of stock that does not have an amount per share specified in the corporate charter.

Step-by-step explanation:

In corporate finance, the type of stock being referred to in the question is called 'blank stock' or 'no par value stock.'

This type of stock does not have a specified amount per share listed in the corporate charter.

It is typically issued with a stated value rather than a par value and may have different characteristics and requirements compared to stocks with a par value.

User Tvieira
by
7.6k points