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Banking

At-a-Premium

Trading a debt security like a bond/ note at a price exceeding its par value (face value). Face value/ par...

Above Par

Trading a debt security like a bond/ note at a price exceeding its par value (face value). Face value/ par...

Par

The face value (par value) of a bond or a similar debt security that is used to figure out the...

Face Value

The amount that indicates the worth of an instrument, security, investment, account, etc. For example, the face value of a...

Par Value

The stated value of an investment/ instrument/ security. It refers to the fixed monetary value of stocks, bonds, investments, and...

Convertible Par

The face value of a convertible, i.e., the value that a holder redeems at maturity. The market price of a...

Par Swap

A vanilla swap which has a zero net present value (NPV). That is, it involves no initial exchange of notional principal. More specifically, the present...