What Is the Par Value of Bonds?

Learn what par value is and how it relates to the value of a bond and its interest payments.

Black color analog flip board with word par value on gray background
(Image credit: Getty Images)

Investing can be filled with a lot of industry jargon. Par value is a term you may hear in relation to the value of a bond or share of stock. In this instance, we are concerned with the par value of bonds. The more you know about what you are investing in, the less likely you are to invest in a product that isn’t right for you.

What is a bond? 

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Donna LeValley
Personal Finance Writer

Donna joined Kiplinger as a personal finance writer in 2023. She spent more than a decade as the contributing editor of J.K.Lasser's Your Income Tax Guide and edited state specific legal treatises at ALM Media. She has shared her expertise as a guest on Bloomberg, CNN, Fox, NPR, CNBC and many other media outlets around the nation.