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English definition of “par value”

par value

noun [S]
 
 
(also nominal value) FINANCE
the value of a share, bond, etc. when it is made available for sale for the first time: The group's 5.375% Euro bonds fell to 60% of par value.at par value The bank has the right to redeem the bonds at par value.
(Definition of par value from the Cambridge Business English Dictionary © Cambridge University Press)
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