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What is a face value?

What is a face value? Here are some definitions.

Noun
  1. The amount or value listed on a bill, note, stamp, etc.; the stated value or amount.
  2. (idiomatic) No more or less than what is stated; a literal or direct meaning or interpretation.
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Examples
The bank discount rate normalizes by the face value of the security and understates the true yield earned by investors.
If you're an extreme utilitarian, you might just accept the calculation at face value and waste the little guy.
Someone with autism and Asperger's syndrome will take at face value what is said to them.
We've learnt at The Sunday Times never to take manufacturers' claims for top speed and acceleration at face value.
Taken at face value it might seem quite a silly idea but in fact it was based on some fundamental truths.
At their face value, these estimates indicate little evidence for directional selection.

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