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face value |
Also found in: Legal, Wikipedia, Hutchinson | 0.03 sec. |
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Face Value The nominal value or dollar value of a security stated by the issuer. For stocks, it is the original cost of the stock shown on the certificate. For bonds, it is the amount paid to the holder at maturity (generally $1,000). Also known as "par value" or simply "par". Notes: In bond investing, face value, or par value, is commonly referred to the amount paid to a bondholder at the maturity date, given the issuer doesn't default. However, bonds sold on the secondary market fluctuate with interest rates. For example, if interest rates are higher than the bond's coupon rate, then the bond is sold at a discount (below par). Conversely, if interest rates are lower than the bond's coupon rate, then the bond is sold at a premium (above par). Face value See: Par value
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? Mentioned in | ? References in periodicals archive | |
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MONY One Year Non-Renewable, Non-Convertible Term One Year Non-Renewable, Non-Convertible Term Premium Rates Initial Premium Unisex Rates Per $1,000 of Face Amount $50,000 Minimum Face Amount--Annual Mode of Premium Only Single Life Premium Rates per $1,000 Face Amount Issue Issue Issue Age Unisex Age Unisex Age Unisex 0 0. The face amount is not necessarily the amount paid for the card by the user or any intermediary. The gain is the excess of the face amount of the notes over their bases (not stated in the decision) at Frane's death. |
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