par value
Definition
Apparent worth or the nominal value shown on the principal ('face' or 'head') side of a bill of exchange, currency, security (stock/share, bond), or other type of financial instrument. The par value of a loan stock (bond, preferred stock/preference share) is the value at which it will be redeemed. Some jurisdictions allow shares to be issued with no par value (see no par value share). Par value is typically different from the market price. If the market price is higher than the par value, the difference is called a 'premium;' if it is lower, the difference is called a 'discount.' Also called face value, nominal value, or redemption value.
par value is in the Accounting & Auditing, Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
par value appears in the definitions of the following terms:
bond discount,
unamortized bond discount,
notes receivable discounted,
zero-coupon bond,
partly paid shares (or stock),
redemption date,
tick,
nominal value,
bond quote,
below par
and
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