What’s the difference between “face value” and “denomination”?
For example
- a bond has a face value of $100,
- a bond can be purchased only in specific denominations. the most commonly used denominations are $1000.
whats the difference between these two sentences?
thank you~
A denomination is the amounts that something is offered in.
For example, the denominations of US paper money are $1, $2, $5, $10, $20, $50, and $100.
The face value is the amount of listed on one particular item.
For example, the face value of this bond is $250 however was purchased for $125.
Jochen Miller – Face Value
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