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 == | ||
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* [[Par yield]] | * [[Par yield]] | ||
* [[Redemption]] | * [[Redemption]] | ||
* [[Share capital]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 22:36, 3 August 2020
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.
