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Topic: Par value


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  Par Value
Par value was the stated price at which a new corporation's stock would be issued.
Accordingly, par value can be thought of as, in some sense, a stated value of any security.
A standard coupon bond, on the other hand, is designed to be sold for some par value, pay periodic coupon payments equal to a percentage of that par value, and then return the par value to the investor at maturity.
www.riskglossary.com /articles/par_value.htm   (772 words)

  
 Par value - Wikipedia, the free encyclopedia
Par value, in finance, means stated value or face value.
Par value of an equity (a stock) is a somewhat archaic concept.
A par value of 100.00 for a note or bond means only that the note or bond is selling for the face value paid upon maturity of the note or bond.
en.wikipedia.org /wiki/Par_value   (650 words)

  
 Shares of stock FAQ
Since par value more or less means the price to be paid for the shares when purchased from the corporation, no par value stock is stock for which no fixed price is set.
All companies, even the publicly traded ones have a par value on their shares which is much lower than the current valuation of the stock.
The par value is usually a figure that is set depending on the state and can be used by a state to set the renewal fees or the state taxes.
www.activefilings.com /en/information/faq_shares.htm   (1480 words)

  
 Value Line, Inc.
It is derived by dividing the par value of the bond or the liquidation value of the preferred stock by the conversion price.
A convertible's value is drawn both from the value of its income (the bond portion) and from its conversion privilege (the value of the warrant portion, which depends on the value of the underlying stock.
Value Line, Inc., its subsidiaries, its parent corporation and its subsidiaries, and their officers, directors or employees as well as certain investment companies or investment advisory accounts for which Value Line, Inc. acts as investment advisor, may own stocks that are mentioned on this Value Line Web site.
www.valueline.com /video/edu/educonv02.aspx   (1071 words)

  
 Par Value Definition   (Site not responding. Last check: 2007-11-03)
Par value is the face or stated value of a security.
In contrast, preferred stock is usually issued and sold near its par value, and its dividend rate is often stated as a percentage of that par value.
Similarly, the par value of a bond is its face value, i.e., the amount of principal due to shareholders at maturity.
www.investorglossary.com /par-value.htm   (238 words)

  
 Par Value Law and Legal Definition - USlegalforms.com
Par value is the assigned, or face, value of a legal claim or financial asset.
Par value, also called face value, is not necessarily, and often is not, equal to the current market price of the asset.
Par value may refer to a random number given to a stock that is issued, due to the registration requirements of particular states.
www.uslegalforms.com /legaldefinitions/p/par-value.php   (262 words)

  
 Par Value
Par value has little or no impact on the actual market value of a security.
However, it is important in the case of preferred stocks and bonds, since the preferred dividend and interest are often based on the par value assigned to each issue.
For example, an 8% bond is a promise to pay that percentage of the bond's par (100% of face value) value annually.
www.russell.com /US/glossary/trading/par_value.htm   (108 words)

  
 Wishtrade: Bond Value   (Site not responding. Last check: 2007-11-03)
The present value of a dollar today is greater than the present value of a dollar to be received at some point in the future.
The real value of the bond is the present value of each of the interest payments, plus the present value of the principal payment, all discounted at some rate of interest.
Assume a purchase of $100, 000 par value of the Government of Canada due June 1, 2023 at $100, a quoted yield to maturity of 8 %.
www.wishtrade.com /Trade/Bonds/bondvalue.html   (1023 words)

  
 par value   (Site not responding. Last check: 2007-11-03)
Par value has no relation to the market value of a share, but is an accounting value determined by dividing the total stated capital stock by the number of authorized shares.
Dividends on preferred stock may be a percentage of the preferred stock's par value.
Likewise, interest payable to bondholders is a percentage of the bond's par value.
insurance.cch.com /Rupps/par-value.htm   (79 words)

  
 Articles of Agreement: Schedule C - Par Values   (Site not responding. Last check: 2007-11-03)
The Fund shall notify members that par values may be established for the purposes of this Agreement, in accordance with Article IV, Sections 1, 3, 4, and 5 and this Schedule, in terms of the special drawing right, or in terms of such other common denominator as is prescribed by the Fund.
The par value of a member's currency established under this Agreement shall cease to exist for the purposes of this Agreement if the member informs the Fund that it intends to terminate the par value.
The par value of a member's currency shall, however, not be changed under this provision if, within seven days after the Fund's action, the member informs the Fund that it does not wish the par value of its currency to be changed by such action.
www.imf.org /pubs/ft/aa/sched_C.htm   (687 words)

  
 [No title]
The stock’s par value is $20 and was originally issued for $24 per share.
Cash dividends on the $10 par value common stock of Matson Company were as follows: 1st quarter of 1998 $330,000 2nd quarter of 1998 350,000 3rd quarter of 1998 420,000 4th quarter of 1998 450,000 The 4th quarter cash dividend was declared on December 20, 1998, to stockholders of record on December 31, 1998.
In addition, Matson declared a 10% stock dividend on its $10 par value common stock on December 1, 1998, when there were 300,000 shares issued and outstanding, and the market value of the common stock was $16 per share.
faculty.washington.edu /djparker/sample3.doc   (2221 words)

  
 Par value
The par value, or face value, of a share is the amount that is shown on the face of a share as its value.
The par value of a share multiplied by the number of shares is shown in a company's balance sheet as its share capital.
A company can change the par value of its shares or adjust the amount in the share premium reserve, but it is not able to do so as and when the directors and shareholders wish.
moneyterms.co.uk /par-value   (266 words)

  
 Television Point | Dictionary | Meaning of par
Par represents perfect play, whereas bogey makes allowance on some holes for human frailty.
Thus if par for a course is 75, bogey is usually put down, arbitrarily, as 81 or 82.
Equal value; equality of nominal and actual value; the value expressed on the face or in the words of a certificate of value, as a bond or other commercial paper.
www.televisionpoint.com /dictionary/default.asp?define=par   (249 words)

  
 Paragould / Greene County Chamber of Commerce   (Site not responding. Last check: 2007-11-03)
For a corporation incorporated under the laws of the state of Arkansas, the franchise tax is calculated by multiplying the number of outstanding capital shares by the par value (if no par stock, $25 is used) of those shares, then multiplying by 0.0027.
This value is multiplied by the percentage of assets applicable to Arkansas (Arkansas assets divided by total assets) to obtain the Arkansas capital stock.
The tax is calculated based on 20 percent of the fair market value of real and personal property and the average annual value of merchants' stocks and/or manufacturers' inventories based on millage rates in individual school districts.
www.paragould.org /taxes7.html   (290 words)

  
 Why would a stock have no par value?
In general, par value (also known as par, nominal, or face value) refers to the amount at which a security is issued or can be redeemed.
It used to be that the par value of common stock was equal to the amount invested (as with fixed income securities).
Par value has no relation to the market value of a stock.
www.investopedia.com /ask/answers/106.asp   (413 words)

  
 Stocks   (Site not responding. Last check: 2007-11-03)
A security's face value is also referred to as its par value, and the dividends a preferred stock pays are given as a percentage of par.
While common stock is assigned a par value at the time of issuance, this price is usually purely arbitrary and is used for bookkeeping purposes, such as preparing the company's financial statements.
Such a split does not affect the net dollar value of the total number of stocks in existence, but by creating a larger number of shares, the company is able to diminish the par value of each individual share.
www.citibank.com /ipb-global/cfsc/english/stocks.htm   (1609 words)

  
 Glossary: Par Value of a Stock
- Par Value is the nominal dollar amount that a corporation assigns as the stated value or face value of its stock.
Common stock par value is fairly meaningless except when bought directly from the corporation.
Then, from a bookkeeping point of view, the stock purchase price amount that exceeds the stock's par value is called "paid in capital in excess of par value" and it might be used by a state for tax purposes.
www.corporateboardminutes.com /glossary/parvaluestock.shtml   (261 words)

  
 Goal 5
Par value stock "Par value" is a fixed amount that is assigned to a share when it is authorized.
No journal entry is done for a stock split, however, the par value of the stock is decreased and the amount of shares authorized and issued is increased.
However, in a stock dividend, the par value stays the same and the amount of outstanding shares is increased.
dwc.hct.ac.ae /courses/acct251/goal5.htm   (4053 words)

  
 Division of Corporations - Franchise Tax Calculations
If the assumed par value capital is less than $1,000,000, the tax is calculated by dividing the assumed par value capital by $1,000,000 then multiplying that result by $250.00.
Figure your tax by dividing the assumed par value capital, rounded up to the next million if it is over $1,000,000, by 1,000,000 and then multiply by $250.00.
The tax is then prorated for each portion of the year dividing the number of days the stock/par value was in effect by 365 days (366 leap year), then multiplying this result by the tax calculated for that portion of the year.
www.state.de.us /corp/frtaxcalc.shtml   (409 words)

  
 At a Discount (Below Par Value)
A security is said to be selling at a discount when the market value is below the par value of the security.
For example, a bond selling at 85 ($850) with a par value of $1,000 is selling at a 15% or $150 discount from par value.
A $25 par value stock selling at $23 is selling at an 8% or $2.00 discount.
www.russell.com /us/glossary/trading/at_a_discount_below_par_value.htm   (63 words)

  
 Stockholder Equity Notes   (Site not responding. Last check: 2007-11-03)
When par value stock is issued it is carried on the balance sheet at its par value.
The amount received in excess of par upon stock issuance is recorded in the additional paid-in capital section of the stockholder's equity section of the balance sheet.
Although not called par this minimum stated capital becomes the par value of issued stock and an additional paid-in capital account records the excess received over the minimum stated capital upon issuance.
www.uic.edu /classes/actg/actg500/StockEquity.html   (339 words)

  
 The Motley Fool Beginning Investing Seminar: Investing Terms Glossary - P thru R
The stated value of a bond as printed on its certificate or the amount the issuer must repay when the bond reaches maturity.
The legal significance of par value is, roughly, that if shares are issued below par value, the holders of those shares might be assessed the difference between par value and the issue price.
Most stock certificates state that the shares are fully paid and nonassessable to indicate that holders are not on the hook for additional contributions because the shares were issued at a price greater than par value.
www.fool.com /seminars/partners/resources/beginvest/glossaryd.htm   (1573 words)

  
 Incorporation FAQs: Find out more
Par value has no connection to the market value of common stock.
It is the face or stated value of a share of stock set by the board of directors.
However, since some states define arbitrary values to "No Par" shares when assessing some filing and reporting fees, the value of these fees can be higher for "No Par" shares than shares with low par values.
proactivemanagement.com /faqs.htm   (1684 words)

  
 P Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
The slope of a line graphed according to the value of an underlying asset on the x-axis and the value of a position taken to hedge against risk exposure on the y-axis.
Preferred stock at par value divided by total capitalization, which gives the portion of capitalization that consists of preferred stock.
Factor used to calculate an estimate of the present value of an amount to be received in a future period.
www.duke.edu /~charvey/Classes/wpg/bfglosp.htm   (7909 words)

  
 Money and Banking: Section 4
The par value of a bond remains fixed throughout the life of the bond.
The bond's par value is then returned to the owner by the bond issuer.
Since the par value and coupon of a bond remain fixed, the price at which a bond sells in secondary markets constantly adjusts to changes in market interest rates.
www.colorado.edu /Economics/courses/econ2020/4111/section4.html   (1955 words)

  
 www.par2.net - Par 2.x Specification
A PAR 2.0 file is only required to contain 1 specific packet - the packet that identifies the type of client that created the file.
When generating multiple PAR files, it is expected that one file be generated without any slices and containing all main, file description, and input file checksum packets.
If just a single PAR file is generated, it is expected that the main, file description, and input file checksum packets are repeated multiple times and scattered through out the file.
www.par2.net /par2spec.php   (6577 words)

  
 par value Definition
For an equity security, par value is usually a very small amount that bears no relationship to its market price, except for preferred stock, in which case par value is used to calculate dividend payments.
For a debt security, par value is the amount repaid to the investor when the bond matures (usually, corporate bonds have a par value of $1000, municipal bonds $5000, and federal bonds $10,000).
If interest rates are higher than the coupon rate on a bond, the bond will be sold below par value (at a "discount").
www.investorwords.com /3611/par_value.html   (224 words)

  
 PGATOUR.com -   (Site not responding. Last check: 2007-11-03)
This downhill par 5 is reachable in two with a tee shot in the fairway.
Bunkers protect the right side of the landing area and the fairway slopes to a pond on the left, which runs almost the entire length of the hole.
The highest hole on the course is often at the mercy of the wind.
www.pgatour.com /tournaments/s001/course   (1085 words)

  
 International Economics Glossary: P
The central value of a pegged exchange rate, around which the actual rate is permitted to fluctuate within set bounds.
The value of an economy's output per person, GDP divided by population and thus the same as per capita income.
Implies that the rate of depreciation of a currency must equal the difference between its inflation rate and the inflation rate in the currency to which it is being compared.
www-personal.umich.edu /~alandear/glossary/p.html   (4077 words)

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