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.