The par value is the face value of a bond and the amount that is returned to the bondholder at maturity.
Per-value is the value of one common stock stated in the company's articles of incorporation. It usually has nothing to do with the actual value of the stock. In fact, it's often low. The share certificate issued for the purchased shares shows the par value.
The par value of a financial instrument is determined by the institution that issues it. The face value of stocks and bonds was printed on the surface of the stock when it was printed on paper. Market value, on the other hand, is the current price at which a financial instrument can be traded on the stock exchange.
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