Par Value

Dictionary Says

Definition of 'Par Value'

1. The face value of a bond.

2. A dollar amount that is assigned to a security when representing the value contributed for each share in cash or goods.
Investopedia Says

Investopedia explains 'Par Value'

1. The par values for different fixed-income products will vary. Bonds generally have a par value of $1,000, while most money market instruments have higher par values.

2. Stocks will typically have a par value of $0.01 or none at all.

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