Par Amount
The nominal or face amount on which principal and often coupon cash flows are based.
Market use
Market value can differ materially from par amount.
What it means
The nominal or face amount on which principal and often coupon cash flows are based.
Example
1m par at a clean price of 98 has a clean market value near 980k before scaling conventions and accrued interest.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.