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