par value
Defined in 4 dictionaries — U.S. Code, Cyclopedic (1922), Ballentine's (1916), Bouvier (1914)
United States Code
12 U.S.C. § 2162 — for purposes of this section
The term “par value” means—
(A) in the case of stock, par value;
(B) in the case of participation certificates and other equities and interests not described in subparagraph (C), face or equivalent value; or
(C) in the case of participation certificates and allocated equities subject to retirement under a revolving cycle but that a System institution elects to retire out of order for application against a loan in default or otherwise as provided in this chapter, par or face value discounted, at a rate determined by the institution, to reflect the present value of the equity or interest as of the date of such retirement.
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
In its customary and commercial sense, with reference to exchange between different states or countries, par yalue has been defined to be "the equivalency of a certain amount of the currency of one country in the currency of the other." 26 Wend. (N. Y.) 224. By the par value of stock is generally understood the value expressed on the face of the certificate.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
A current phrase having no other meaning than the value of the pound sterling formerly fixed by law for the purposes of revenue. Com. v. Haupt, 10 Allen (Mass.) 44. It is commonly used to indicate the face value of bonds or stock.