Meaning of “par value” in the English Dictionary

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"par value" in Business English

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par valuenoun [ S ]

uk us 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)