Par value is a value for the bond or for the stock beyond which a bond or a security in general can be deemed mature. For corporate-issued securities this is a price of $1000 and higher. For government bonds the amount has to be bigger. Securities can be traded both above and beyond par value.

 

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Cambist is a person who has broad set of knowledge in currency exchange rates. It can also refer to a manual with exchange rates. Such manuals deem to be outdated sue to a variety of computer programs and lists.

 

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