• Par value, also known as par value, is the par value of a bond or the value of shares as stated in the corporate charter.
  • The face value of a bond is typically $1,000 (or, to a lesser extent, $100) as these are the most common denominations in which they are issued.
  • The face value is important for a bond or fixed income instrument because it determines its value to maturity, as well as the dollar value of the coupon payments.