Par

Definition:

Equal to the nominal or face value of a security. A bond selling at par is worth an amount equivalent to its original issue value or its value upon redemption at maturity-typically $1000/bond. See: Discount, premium.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Manufacturing ISM Report on Business

A monthly report released by the Institute for Supply Management measuring growth in the manufacturing sector.

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