Stated Value

A value that, instead of being par value, is assigned to a corporation's stock for accounting purposes. Stated value has no relation to market price.

Investopedia Says:
For example, if stated value is $1 per share and the company issues 1 million shares, the stated value of its stock is $1 million. This amount is credited to the company's capital stock account, and is considered the legal capital of a corporation. Because it is generally illegal for a company to pay dividends or repurchase shares if doing so impairs the legal capital, stated value does help to provide shareholders with some protection.

Par value stock has a stated value on its face representing the minimum amount contributed by the shareholder. Stock without a par value has no stated value, allowing the corporation to issue it for any amount per share that the board of directors determines to be appropriate.

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Assigned value given to a corporation's stock for accounting purposes in lieu of par value. For example, the stated value may be set at $1 a share, so that if a company issued 10 million shares, the stated value of its stock would be $10 million. The stated value of the stock has no relation to its market price. It is, however, the amount per share that is credited to the Capital Stock account for each share outstanding and is therefore the legal capital of the corporation. Since state law generally prohibits a corporation from paying dividends or repurchasing shares when doing so would impair its legal capital, stated value does offer stockholders a measure of protection against loss of value.