Par value is simply the stated value of a share of stock or bond when it's first issued. While the definition of par value is ...

For example, say a company issues 100 shares at $10 per share, with a par value of $1 per share. In this case, the cash account would rise by $1,000, or 100 multiplied by $10.

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.