par value - Legal English Dictionary
Dictionary

par value

the face value of a share as opposed to its market value The par value of a share is an arbitrary amount that is decided when a company is incorporated.

Other

  • nominal value

Phrase Bank

  • They bought the shares at par value.
  • The shareholders were entitled to receive not less than the par value of their shares.
  • The shares were allotted as fully paid up as to their par value.

Additional Notes

  • Par value is the same as nominal value and bears no relation to the market price.