par value

par value
The value of an instrument for the payment of money as determined by the face of the instrument. The face value of a bond. An amount fixed as the nominal value of a share of corporate stock, such amount indicating the sum of money or value of property or services which a subscriber is represented as having contributed to the corporation m exchange for such share. Randle v Winona Coal Co. 206 Ala 254, 89 So 790, 19 ALR 118; Fort Edward v Fish, 156 NY 363, 370, 371, 50 NE 973. A sale of bonds at par is a sale at the rate of one dollar in money for one dollar in bonds. This is the accepted meaning in the mercantile world. Ft. Edwards v Fish, 156 NY 363, 50 NE 973. Par value and the actual value of issued stock are not synonymous; there is often a wide disparity between them. 18 Am J2d Corp § 222. See nonpar value stock.

Ballentine's law dictionary. . 1998.

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  • Par value — Par value, in finance and accounting, means stated value or face value. From this comes the expressions at par (at the par value), over par (over par value) and under par (under par value). The term par value has several meanings depending on… …   Wikipedia

  • par value — n: par(a) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. par value …   Law dictionary

  • Par value — Par Par, n. [L. par, adj., equal. See {Peer} an equal.] [1913 Webster] 1. Equal value; equality of nominal and actual value; the value expressed on the face or in the words of a certificate of value, as a bond or other commercial paper. [1913… …   The Collaborative International Dictionary of English

  • par value — n. the value of a stock, bond, etc. fixed at the time of its issue; face value: distinguished from MARKET VALUE * * * …   Universalium

  • par value — n. the value of a stock, bond, etc. fixed at the time of its issue; face value: distinguished from MARKET VALUE …   English World dictionary

  • par value — See par for all securities except MBSs. See par line for MBSs. American Banker Glossary Also called the maturity value or face value; the amount that an issuer agrees to pay at the maturity date. Bloomberg Financial Dictionary See …   Financial and business terms

  • Par value — Also called the maturity value or face value, the amount that the issuer agrees to pay at the maturity date. The New York Times Financial Glossary * * * par value par value ➔ value1 * * *    The value that appears on the face of a document… …   Financial and business terms

  • 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. 1. The par values for different fixed income products will vary. Bonds generally have a par… …   Investment dictionary

  • par value — face value; = nominal value The nominal price of a share or other security. If the market value of a security exceeds the nominal price it is said to be above par; if it falls below the nominal price it is below par. Gilt edged securities are… …   Accounting dictionary

  • par value — face value; nominal value The nominal price of a share or other security. If the market value of a security exceeds the nominal price it is said to be above par; if it falls below the nominal price it is below par. Gilt edged securities are… …   Big dictionary of business and management

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