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
Indenture or Trust Indenture/Agreement
A contract between an issuer and a trustee under which the issuer issues bonds and specifies their maturities, interest rates, redemption provisions, form, exchange provisions, security and other terms.