What is the meaning of the word "face value"?
Definitions:
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Refers to the price or value printed on a ticket or voucher, which may be different from the actual market value or resale value of the item. ADJECTIVE
- He purchased a lottery ticket without realizing its face value of $10,000 until he checked the winning numbers.
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Represents the original value assigned to the asset at the time of issuance or purchase, without considering any potential changes in value. NOUN
- The antique furniture was appraised at far below its face value due to its poor condition and extensive damage.
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The nominal or stated value of something. NOUN
- The bond was sold at face value, meaning the buyer paid exactly the amount printed on the certificate.
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The value of a currency as printed on the bank note or coin. NOUN
- The coin collector was thrilled to find a rare penny with a face value of only one cent, but worth thousands to collectors.