From Longman Business Dictionary
face valueˌface ˈvalue1[countableC, uncountableU] the amount that appears on a coin, cheque etc which shows how much money it is worthA voucher issued to passengers whose flights have been cancelled is redeemable by the airline for its face value.
face value ofA bank manager had issued false deposit certificateswith a face value of 342,000 yen.
2[countableC, uncountableU]FINANCE the stated value of a share, bond etc when it is ISSUED (=sold for the first time). This is not necessarily the price that is really paid for it. Bonds, for example, may be sold slightly above or below their face amount. This value is used to calculate YIELD (=how much profit bonds make for the investor)SYN FACE AMOUNT, NOMINAL VALUE, PAR VALUEface value of30-year bondswith a discounted face value of 35%
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