Par Value
From LawDepot Law Library
Definition of "Par Value"
Par value is the nominal or face value assigned to a share. Currently, a share is typically issued without par value. Par value does not necessarily reflect the amount paid for share nor its current market value. Par value does not represent the redemption amount for redeemable shares. It is still used by some states however as a method to calculate the capitalization of the corporation (Par Value multiplied by number of shares issued).
