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par value

the nominal face value of a bond or share

In Banking & Finance

In more detail

1. (noun) the original or stated value of a stock or bond, printed on the certificate

2. (noun) in golf, the number of strokes an expert golfer should need to complete a hole or course

Examples

• 1. The bond has a par value of $1,000 and pays 5% interest annually.
• 2. The golfer finished the course at par, completing it in exactly the expected number of strokes.

Nearby in Banking & Finance

junk bond, liquidate, net present value, quantitative tightening, reserve requirement, short selling