Definitions for "stated value"
Keywords:  par, directors, nominal, assigned, lieu
Value assigned to a companys no-par stock by its board of directors, for accounting...
Nominal or face value of a security assigned by the issuer in lieu of par value for balance sheet reporting
Per share amount set by the board of directors to be placed in the capital stock account upon issuance of no-par value.
Keywords:  lessor, auto, exceed, repair, actual
The lessor amount the auto insurance company will pay of the stated amount, cost to repair the covered auto (not to exceed the stated amount) or the actual cash value.