Par \ Equal to the nominal or face value of a security. A bond selling at par, for instance, is worth an amount equivalent to its original issue value or its value upon redemption at maturity -- typically $1000/bond. See: discount, premium.
1. The face value of a bond. Generally $1,000 for corporate issues, with higher denominations such as $10,000 for many government issues.
Par / equal to the nominal or face value of a security. a bond selling at par, for instance, is worth an amount equivalent to its original issue value or its value upon redemption at maturity -- typically $1000/bond. see: discount, premium.
1. the face value of a bond. generally $1,000 for corporate issues, with higher denominations such as $10,000 for many government issues.
Par