The stock of a corporation may be either common or preferred and par or no-par.

公司的股票或为普通股，或为优先股，或有面值，或无面值。

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For no-par stock with a stated value, an appropriate title-for example, paid-in capital in excess of stated value - describes the difference.

对无面值但有设定价值的股票来说，则要用诸如“超过设定价值的缴入资本”等相应的名称来表述。

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Some go so far as to say that if a bond is insured and bondholders receive back the par value, no default has taken place, just an unscheduled call.

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As Asiaweek went to press on Dec. 3, no ma-jor party in Par-liament had cobbled together an alternative coalition, and fresh general elections were looking increasingly likely.

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Defending champion Charl Schwartzel of South Africa opened with a level par 72 while world No. 1 Luke Donald finished with a disappointing 75, the same mark as three-time champion Phil Mickelson.

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