The stated face value of a bond or, in the case of stock, an amount assigned by the company's charter and expressed as a dollar amount per share. Par value of common stock usually has no relationship to the current market value and so no par value stock is issued. Par value of preferred stock is significant, however, as it indicates the dollar amount of assets each preferred share would be entitled to in the event of liquidation of the company. It usually refers to equally ranking issues of a company's preferred shares. The warrants that are received upon the exercise of the initial warrants are known as piggy back warrants.
Points apply to security prices.
Par value is almost universally 100 for bonds. A corporate provision to combat hostile takeovers. When triggered, the poison pill allows shareholders to acquire additional shares at below market price, thereby increasing the number of shares outstanding and making the takeover prohibitively expensive. Such plans are relatively new in corporate Canada and are the subject of some controversy regarding whom they are designed to protect - the shareholders or the management. The entire combination of securities or investments an individual or institution holds.