par value

Definition of "par value"
  1. Face value assigned to a stock when the company issues it, which might differ from its market price. It may be printed on the stock certificate and is mandatory in some states
How to use "par value" in a sentence
  1. The company made sure to indicate the par value of their stocks on each certificate.
  2. In certain states it's a requirement to have the par value of a stock.
  3. John was surprised to find the market price of his shares considerably higher than the par value.

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