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
Sinking Fund
A fund to which the issuer or the conduit borrower periodically makes payments or in which revenues from a project are periodically deposited for purposes of paying the debt service on a bond issue.