Glossary
- Paasche index
- Par value
- Partial execution
- Participation certificates
- Pension fund
- Peoples share
- Performance evaluation
- Performance index
- Physical delivery (warrants)
- Placement
- Placement volume
- Pool factor
- Portfolio
- Practise
- Preferred shares
- Premium
- Premium (warrant)
- Premium Margin
- Price addendum
- Price category
- Price details
- Price index
- Price sensitivity
- Price-cashflow-ratio
- Price-earnings ratio
- Price-to-book-ratio
- Primary market
- Prime All Share
- Prime Standard
- Principle of highest volume transacted
- Private placement (PP)
- Proprietary trading
- Prospectus
- Put warrant
Par value
The face value of a security, as printed on its physical certificate
For stocks, the par value indicates the fraction of a company's nominal capital that is represented by a single share. Thus, the total par value of all the shares in a company is equivalent to its nominal capital, or capital stock. In Germany, stocks must have a par value of at least one euro. Since the launch of the euro, companies have also been able to issue of no-par shares.
For bonds, the par value represents a fraction of the total debt issued. It is the amount which is paid to the bondholder upon maturity of the bond.
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
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