Face value in the context of "Coupon (finance)"

In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two coins in circulation containing metal of different value, which are accepted by law as having similar face value, the more valuable coin based on the inherent value of its component metals will gradually disappear from circulation.

The law was named in 1857 by economist Henry Dunning Macleod after Sir Thomas Gresham (1519–1579), an English financier during the Tudor dynasty. Gresham had urged Queen Elizabeth to restore confidence in the then-debased English currency.

Representative money or receipt money is any medium of exchange, physical or digital, that represents something of value, but has little or no value of its own (intrinsic value). Unlike some forms of fiat money (which may have no commodity backing), genuine representative money must have something of intrinsic value supporting the face value.

More specifically, the term representative money has been used variously to mean:

In finance, a coupon is the interest payment that a bond issuer promises to pay a bondholder regularly from the date of issuance until the date of maturity of a bond.

Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. For example, if a bond has a face value of $1,000 and a coupon rate of 5%, then it pays total coupons of $50 per year. Typically, this will consist of two semi-annual payments of $25 each.

In finance and accounting, par value means stated value or face value of a financial instrument. Expressions derived from this term include at par (equal to par value), above par (greater than par value), below par (smaller than par value) and no-par (has no par value).

The Britannia is a bullion coin issued by the Royal Mint. It has been minted in gold since 1987, in silver since 1997, and in platinum since 2018. The reverse of the coin patterns feature various depictions of Britannia, a feminine personification of the United Kingdom, while the obverse features the effigy of the monarch of the United Kingdom with the legend around it.

Britannia gold coins contain one troy ounce of gold and have a face value of £100. Gold Britannias also are issued in fractional sizes of one-half, one-quarter, and one-tenth of a troy ounce and with face values of £50, £25, and £10 respectively. In 2013, two additional sizes were introduced, a five-ounce coin of face value £500, and a fractional size of one-twentieth of face value £5.

The Canadian Gold Maple Leaf (GML; French: Feuille d'érable en or canadienne) is a gold bullion coin that is issued annually by the Government of Canada. It is produced by the Royal Canadian Mint.

The Gold Maple Leaf is legal tender with a face value of 50 Canadian dollars. The market value of the metal varies, depending on the spot price of gold. Having a .9999 millesimal fineness (24 karats), in some cases .99999, the coin is among the purest official bullion coins worldwide. The standard version has a weight of minimum 1 troy ounce (31.1 grams). Other sizes and denominations include: 1 gram, 1⁄25 oz. ($0.50), 1⁄20 oz. ($1), 1⁄10 oz. ($5), 1⁄4 oz. ($10) and 1⁄2 oz. ($20).

The national debt of the United States is the total national debt owed by the federal government of the United States to treasury security holders. The national debt at a given point in time is the face value of the then outstanding treasury securities that have been issued by the Treasury and other federal agencies.

The US Department of the Treasury publishes a daily total of the national debt, which as of November 2025 is $38 trillion. Treasury reports: "The Debt to the Penny dataset provides information about the total outstanding public debt and is reported each day. Debt to the Penny is made up of intragovernmental holdings and debt held by the public, including securities issued by the U.S. Treasury. Total public debt outstanding is composed of Treasury Bills, Notes, Bonds, Treasury Inflation-Protected Securities (TIPS), Floating Rate Notes (FRNs), and Federal Financing Bank (FFB) securities, as well as Domestic Series, Foreign Series, State and Local Government Series (SLGS), U.S. Savings Securities, and Government Account Series (GAS) securities."