par value

(4)The term “par value” means— (A)in the case of stock, par value; (B)in the case of participation certificates and other equities and interests not described in subparagraph (C), face or equivalent value; or (C)in the case of participation certificates and allocated equities subject to retirement under a revolving cycle but that a System institution elects to retire out of order for application against a loan in default or otherwise as provided in this chapter, par or face value discounted, at a rate determined by the institution, to reflect the present value of the equity or interest as of the date of such retirement.

Source

12 USC § 2162(d)(4)


Scoping language

For purposes of this section
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