noun the value assigned to a security when it is issued
In finance, par value refers to the face value of a bond or a stock, which is the value at which it will be redeemed at maturity.
In economics, par value is used to determine the value of a security based on its face value and market conditions.
In accounting, par value is used to represent the nominal or face value of a security, such as a bond or a stock.
In corporate law, par value is a legal requirement for issuing shares of stock, representing the minimum price at which shares can be issued.
In the financial industry, writers may refer to the par value of bonds or stocks when discussing their market value. They may also write articles explaining the concept of par value to readers.
Psychologists may use the concept of par value in discussing financial decision-making and risk assessment with their clients. They may also explore how individuals perceive the par value of different investments.