Par: Difference between revisions
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1. The face value of an interest bearing instrument. | 1. | ||
The face value of an interest bearing instrument. | |||
A bond whose market yield is equal to its coupon rate trades in the market at a value of par (= the face value). | A bond whose market yield is equal to its coupon rate trades in the market at a value of par (= the face value). | ||
2. The value of an ordinary share (or a unit of common stock) for legal purposes. | |||
2. | |||
The value of an ordinary share (or a unit of common stock) for legal purposes. | |||
== See also == | == See also == | ||
* [[Converting from par rates]] | |||
* [[Coupon rate]] | * [[Coupon rate]] | ||
* [[Deep discount issue]] | * [[Deep discount issue]] | ||
* [[Face value]] | * [[Face value]] | ||
* [[Forward]] | |||
* [[Nominal value]] | * [[Nominal value]] | ||
* [[Par bond]] | * [[Par bond]] | ||
* [[Par rate]] | |||
* [[Par value]] | |||
* [[Par yield]] | * [[Par yield]] | ||
* [[Redemption]] | * [[Redemption]] | ||
* [[Share capital]] | |||
* [[Zero]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 23:47, 24 February 2025
1.
The face value of an interest bearing instrument.
A bond whose market yield is equal to its coupon rate trades in the market at a value of par (= the face value).
2.
The value of an ordinary share (or a unit of common stock) for legal purposes.
