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.
Start with the Bond Basics
Hundreds of Terms and Concepts
Extraordinary Measures
Changes to the operations and accounting of funds under the supervision of the U.S. Department of Treasury that allow the federal government to continue paying bills and most operations after the U.S. has reached or neared its debt limit.