A price below the face value ( par value) of a security.
Less than the nominal or face value of a security.
A bond that is selling "below par," is worth an amount less than its original face value or its value upon redemption at maturity
A price quoted below the face value of a security
Selling for a price below par value.
At a discount; less than face value
A price under the face or par value of a security.
a price below the par or face value of a security