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Nominal value
Practical Law UK Glossary 9-200-1395 (Approx. 4 pages)
Glossary
Nominal value
Also known as par value. The face value of a share (see section 542, Companies Act 2006), debt security or other type of financial instrument as opposed to its market value which may be more or less than par.
For further details see Practice note, Share capital: overview: Nominal value and denomination of shares.