A par bond is one selling at its face value. An arbitrary dollar value that a company assigns to its shares. Par value has no economic significance. The legal significance of par value is, roughly, that if shares are issued below par value, the holders of those shares might be assessed the difference between par value and the issue price. Most stock certificates state that the shares are fully paid and nonassessable to indicate that holders are not on the hook for additional contributions because the shares were issued at a price greater than par value.
Companies usually assign a very low par value to common stock.
The date that dividend checks go out. All the securities held by an individual, institution, or mutual fund. For examples of real, live portfolios, see the Rule Breaker Portfolio , the Rule Maker Portfolio , or the Drip Portfolio . Portfolio Performance to learn how to track your portfolio. A legal agreement that authorizes a specific individual to handle certain decisions for another.