The par value of a bond is the face value, or amount of principal that the bond is worth when the principal amount is due. Below is a further knowledge on par value.
Understanding par value
Par value, in other words, called nominal value, is the face value of a bond or the stock value stated in the corporate charter. Par value for a bond is usually $1,000 (or to a lesser degree $100), as these are the most common denominations in which they are issued.
Therefore, the answer is par value.
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