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Investing Glossary:
Par
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- P -
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| 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.
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