noun
par
Value equal to the stated face value of a security or currency.
The bond sells at par.
Etymology
The Latin word means equal. In finance, par describes equality between a security's stated face value and the value at which it is issued or exchanged.
More examples
- They issued the shares above par.
- The security traded below par for several months.
- At maturity, the bond was redeemed at par.
Forms
par
Similar words
- face value
- The stated value printed or assigned to a security.
- nominal value
- The designated value rather than market price.