# Near Par

**IRI:** https://folio.openlegalstandard.org/R9hrBuJlNrcENMSAGmTmbbS

## Labels

**Alternative Labels:**

- Close To Face Value
- Near Nominal Value

## Definition

Near Par refers to the trading price of a financial instrument, such as a bond or loan, that is close to its face value or nominal value. This indicates that the market price is approximately equal to the par value, typically within a narrow range above or below par.

## Examples

- A bond trading near par is priced slightly above or below its face value.

## Sub Class Of

- https://folio.openlegalstandard.org/R9UcujGuJ216ZiqT4I2aRge

**Deprecated:** False