par (redirected from par of exchange)

Par

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

2. A dollar amount assigned to a security when first issued.

Notes:

For stocks, par is usually a small dollar amount that bears no relationship to the security's market price.

See also: Baby Bond, Bond, Face Value, Maturity Date, Original Issue Discount, Security

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Par

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

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PAR

See Public Automated Routing System (PAR).

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par

See par value.