Par

What does it mean?
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.

In Other Words...
For stocks, par is usually a small dollar amount that bears no relationship to the security's market price.

Related Links
Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial.

Related Terms
Baby Bond | Bond | Face Value | Maturity Date | Original Issue Discount | Security

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