Par Value – Page 2 – Fincyclopedia

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LYON

An abbreviation for liquid yield option note; a form of zero-coupon convertible bond (convertible zero-coupon bond) that was introduced by Merrill…

Stock Split

A process that involves increasing the number of outstanding shares by issuing more shares to existing shareholders. The number of…

Par Floater

A floating rate note (floater) in which the required return equals the quoted margin. When the required return is the...

PECS

An acronym for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread...

Par Equivalent CDS Spread

A measure of the creditworthiness of a bond. It sets the bond’s Z-spread curve against the CDS contract (CDS spread)....

At Par

Trading a debt security like a bond/ note at a price equal to its par value (face value). Face value/...

Below Par

Trading a debt security like a bond/ note at a price lower than its par value (face value). Face value/...

At-a-Discount

Trading a debt security like a bond/ note at a price lower than its par value (face value). Face value/...

At-a-Premium

Trading a debt security like a bond/ note at a price exceeding its par value (face value). Face value/ par...

Above Par

Trading a debt security like a bond/ note at a price exceeding its par value (face value). Face value/ par...