Par Value Shares Definition: Shares issued by a company which have a minimum price. Shares issued by a company which have a set minimum price. Shares which are without par value or "non par value shares" are shares which may be sold at whatever price the company's board of directors decides or sets. Find you are constantly looking up definitions? Try our search provider (works in most modern browsers) If you find an error or omission in Duhaime's Legal Dictionary, or if you have legal term suggestion, we'd love to hear from you!