# Par

**IRI:** https://folio.openlegalstandard.org/R9q6K9SQAWS0tjXvWLtIGli

## Labels

**Preferred Label:** Par Value

**Alternative Labels:**

- Face Value
- Nominal Value

## Definition

Par refers to the face value of a financial instrument, such as a bond or loan, at the time of issuance or redemption. It is the nominal value that does not account for interest rates or market fluctuations

## Sub Class Of

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

**Deprecated:** False