Par Value
The stated or face amount of a bond.
bond-basics
Principal
The face amount or Par amount of a Bond, not including interest, payable on its Maturity Date.
See Also
Interest
The amount of compensation for the use of borrowed money paid to the bondholders by the issuer or the borrower.
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Hundreds of Terms and Concepts
Municipal Securities Rulemaking Board (“MSRB”)
A self-regulatory organization charged with rulemaking authority over municipal securities dealers and municipal advisors.