But the implicit put option, at par value, is not backed up by any capital or official enhancement whatsoever.
There would be a par value on wages, housing, and even public services.
Stock is often referred to a having par value, book value, and market value.
Shares without par value may be issued or sold at any price.
The board by resolution may adopt and file an amendment of the articles of incorporation deleting any reference to par value.
The par value is the principal amount or amount found on the face of the bond.
The adjustment arises because the market value of the debt may be more important than the par value.
British Dictionary definitions for par value
par value
noun
1.
the value imprinted on the face of a share certificate or bond and used to assess dividend, capital ownership, or interest Also called face value Compare market value, book value (sense 2)