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face value

definition

The amount that a bond holder will receive from the issuer at redemption. The face value of a bond is only one factor determining the value of a bond on the secondary market. Investors will often pay more than face value for an existing bond with higher yield than is available on a new issue. See Par.

Related Terms

 • share at par  • I bond  • above par  • nominal share capital  • at par  • bond premium  • bond discount  • preference shares
 more related terms

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