The face amount or Par amount of a Bond, not including interest, payable on its Maturity Date.

See Also

Par Value

The stated or face amount of a bond.


The amount of compensation for the use of borrowed money paid to the bondholders by the issuer or the borrower.

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Net Cash Refunding

The most common type of refunding in which the proceeds, together with interest earnings thereon, are structured to produce sufficient funds to pay the principal, interest, and other expenses on the refunded bonds.