The nominal value of a bond, share of stock, or a coupon as indicated in writing on the document or specified by charter.
More example sentences
- The value of a bond depends on its par value, coupon and maturity date.
- These shares had a par value of $100 each, but were recorded at a fair market value of $120,000.
- The par value of the stock was fifty dollars, and the amount of capital stock in the company was one hundred thousand dollars.