PAR

The face or maturity amount of a bond.

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The nominal or face value of a security. A bond selling at par is worth the same dollar amount as it was issued for, or at which it will be redeemed at maturity, usually $1000. For common stock, par value is set by the company issuing the stock. Par value is an assigned amount (usually $1) that is used in computing the dollar value of the company's shares for accounting and reporting purposes. See Bond.