Face value
Term · Law · MLC-T-LAW-002023
The nominal or stated value of a security or financial instrument as printed on the document. This amount is the principal sum that the issuer promises to pay at maturity, irrespective of market fluctuations. For a bond, it is the par value, typically $1,000, upon which interest payments are calculated.
| Identifier | MLC-T-LAW-002023 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-002023",
"term": "Face value",
"field": "Law",
"definition": "The nominal or stated value of a security or financial instrument as printed on the document. This amount is the principal sum that the issuer promises to pay at maturity, irrespective of market fluctuations. For a bond, it is the par value, typically $1,000, upon which interest payments are calculated.",
"url": "https://mlchart.com/terminology/law/face-value/"
}
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