par value

IPA/pˈɑː vˈaljuː/
IPA/pˈɑːɹ vˈæljuː/

par value — noun

1. the fixed printed amount shown on a stock or bond certificate, which represents

1.名詞B2
釋義

the fixed printed amount shown on a stock or bond certificate, which represents the security's stated worth and may differ from what it actually sells for in the market

例句

The company issued bonds with a par value of 1,000 dollars each.

collocation: 'bonds with a par value of [amount]'

When a stock trades below its par value, investors may see a buying opportunity.

pattern: 'trades below / above par value'

同義詞
  • face value

    the most common synonym; used interchangeably with par value for bonds and stocks

  • stated value

    often used in legal or accounting contexts for shares

  • nominal value

    more common in British English; refers to the same concept

反義詞
  • market value

    the current price at which the security trades, as opposed to its printed par value

用法筆記

Frequently used in financial writing about bonds, preferred stocks, and corporate securities. Distinguished from 'market value' by the fact that par value is fixed at issuance while market value fluctuates.

常見錯誤

❌The stock's par value went up by 10 percent today.
✅The stock's market value went up by 10 percent today; par value stays the same unless the company changes its share structure.
💡par value is fixed at issuance and rarely changes, unlike market value.