Par Value
The stated or face amount of a bond.
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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
Security Interest
A special legal interest in property, fixtures or revenues that exists by contract as Security for payment or performance of an obligation.