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Glossary   >   P   >   "Par" Definition            Par Equal to the nominal or face value of a security. A bond selling at par, for instance, is worth an amount equivalent to its original issue value or its value upon redemption at maturity -- typically $1000/bond. See: discount, premium. 1. The face value of a bond. Generally $1,000 for corporate issues, with higher denominations such as $10,000 for many government issues. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Par - Equal to the nominal or face value of a security. A bond selling at par, for instance, is worth an amount equivalent to its original issue value or its value upon redemption at maturity -- typically $1000/bond. See: discount, premium.

1. The face value of a bond. Generally $1,000 for corporate issues, with higher denominations such as $10,000 for many government issues.