face value
Defined in 2 dictionaries — Case Law, Ballentine's (1916)
Definitions from Case Law
From 273 U.S. 100 - Goodyear Tire & Rubber Co. v. United States · 1927Most cited · 50 citing opinions
the phrase face value in the statute is synonymous with par value. It is used in contradistinction to the actual value which is made the measure of the tax when applied to nonpar value stock which the statute describes as 'without par or face value.' Obviously the face or par value of the stock transferred is to be determined by an inspection of the instrument which alone fixes par value, namely, the corporate charter.
Ballentine's Law Dictionary
James A. Ballentine · 1916
The apparent value of a commercial paper. See 38 S. C. 238, 17 S. E. 49.