Term of the Day par value 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... Learn more about this term Usage Example Bonds typically have a face value or a par value or $1,000 or $100, while shares usually have no par value or a very low par value.
Posted on: Tue, 06 Jan 2015 02:13:33 +0000
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