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A Dictionary of Business and Management | 2006 | © A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information) Copyright

par value (face value; nominal value) The nominal price of a share or other security. If the market value of a security exceeds the nominal price it is said to be above par; if it falls below the nominal price it is below par. Gilt-edged securities are always repayed at par (usually £100), i.e. at the par value.

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