Find Family Support at Vet Centers â If you have served in ANY combat zone, local Vet Centers can help you and your family with readjustment counseling and outreach services â for free. Learn more about this OEF/OIF/OND benefit...
Par value. Par value is the face value, or named value, of a stock or bond. With stocks, the par value, which is frequently set at $1, is used as an accounting device but has no relationship to the actual market value of the stock.
Par is also known as the face value of a bond, this is the amount a bondholder receives when the bond matures. If interest rates rise higher than the bondâs rate, the bond will trade at a discount, or below par; if rates fall below the bondâs rate, it will trade at a premium, or above par. Duration is a measure of a bond priceâs sensitivity to a change in interest rates, measured in years.