face value

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Face value

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Face Value

The amount of money stated on a bond or (rarely) a stock certificate. For example, if a bond certificate says $1,000, the face value is $1000. Bonds pay the face value at maturity, and calculate coupons as a percentage of the face value. Many bonds are issued at their face value, though discount bonds are not. The face value is also called the par value or simply par.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

face value

See par value.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Face value.

Face value, or par value, is the dollar value of a bond or note, generally $1,000.

That is the amount the issuer has borrowed, usually the amount you pay to buy the bond at the time it is issued, and the amount you are repaid at maturity, provided the issuer doesn't default.

However, bonds may trade at a discount, which is less than face value, or at a premium, which is more than face value, in the secondary market. That's the bond's market value, and it changes regularly, based on supply and demand.

The death benefit of a life insurance policy which is the amount the beneficiary receives when the insured person dies. It's also known as the policy's face value.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

face value

see PAR VALUE 1.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

face value

The value of an instrument (promissory note, bond, stock, etc.) as stated on the face of the instrument.The face value does not always equal the market value.

Example: A 5-year-old mortgage note with a face value of $100,000 and an amortization term of 20 years at 2.8 percent interest is worth far less than $100,000 for two reasons: (1) The principal balance is now a little under $80,000. (2) Why would anyone invest even $80,000 to earn 2.8 percent interest when he or she can get better returns in the marketplace? For both reasons, an investor would pay much less than the $100,000 face value to buy the mortgage.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
It is therefore no surprise that data on the profitability of individual coupon drops are unavailable for studying the effect of coupon characteristics (such as face value and method of distribution) on the profitability of coupon promotion.
Coupon face value affects both the brand sales and the number of coupons redeemed.
* Step 1: Investigates the impact of coupon face value on coupon redemptions;
* Step 2: Investigates the impact of coupon face value on brand sales; and
The differential constructions of value created by international money systems had not only driven a wedge between face value and "true" worth, rupturing the identity of the sign, but also placed in jeopardy the solid form of sovereign coins, now prey to allegedly proliferating illicit practices of clipping, sweating, melting down, and re-rendering into multifarious artifacts for ungovernable international exchange.
From Table 1, the coefficients of mere use, coupon face value, and frequency of coupon use are .169, -2.002, and -.369, respectively.
Table 1 The Effects of Cents-Off Coupons on Price Perception Independent variables Parameter estimate Probability > T Mere use .169 .7909 Coupon face value -2.002 .0007 Frequency of use -.369 .0565 [U.sup.2] = 0.699 Probability > T = significance of the parameter estimate.
On the other hand, the face value and frequency of coupon use are insignificantly related to the number of items bought.
According to Table 5, the strongest negative effect was found in coupon face value (- 12.655, p = .0641), followed by frequency of coupon use ( - 1.740) and mere use ( - 1.326), confirming dominant effects of economic incentives on repeat purchases.
So Hwang wants Face Value's audience to forget about Miss Saigon, the casting controversy, and recall Miss Saigon, the racist musical.
To stack the deck, Hwang has added a subplot to Face Value involving a white supremacist and his sidekick.
In leaving Miss Saigon behind, Face Value moves into heretofore uncharted territory for Hwang: the notion that race, perhaps, does not exist.