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par value
par val·ue (plural par val·ues)


noun 
Definition:
 
value of security at issue: the value printed on a security such as a share certificate or bond at the time of issue. It is used to calculate interest or dividend payments.
See also  market value
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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