Par Value
The stated or face amount of a bond.
The amount, if any, by which the price paid by the purchaser of a Bond exceeds the Par Value of the Bond. For example, if a $5,000 Bond is purchased for $5,500, there is a $500 Premium.
See Also
The stated or face amount of a bond.
Parties providing superior credit to improve the credit quality of a bond issue, and/or funds to the issuer to repurchase bonds that a bondholder may tender.