Par
1. The face value of a bond. Generally $1,000 for corporate issues, with higher denominations such as $10,000 for many government issues.
2. A dollar amount assigned to a security when first issued. Investopedia Says:
For stocks, par is usually a small dollar amount that bears no relationship to the security's market price. Related Terms:
Baby Bond
Bond
Face Value
Maturity Date
Original Issue Discount
Roll-Down Return
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