„Par Value“

1.The official fixed exchange rate between two currencies or between a currency and a specific weight of gold.

2. “Par Value” of a currency is its official rate of exchange.

3. “Par Value” of a share of stock is the value declared on its face.

4. As to a mortgage or a trust deed, it is the balance owing, without discount.

Source:

Eichengreen, B. (1996). ‘Golden Fetters: The Gold Standard and the Great Depression, 1919-1939’. Oxford University Press.

Brealey, R., Myers, S., & Allen, F. (2011). ‘Principles of Corporate Finance’. McGraw-Hill/Irwin.

Green, R., & Wachter, S. (2005). ‘The American Mortgage in Historical and International Context’. Journal of Economic Perspectives.