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A situation known as "population inversion" is needed for lasing action. What does "population inversion" mean?
Face Value
The nominal or dollar value printed on a bond, stock, or other financial instrument, representing the value at issuance and the value to be repaid at maturity.
Zero-Coupon Bond
A financial security that does not pay periodic interest but is sold at a discount from its face value, and the investor receives the face value at maturity.
Maturity
The date when the principal or nominal amount of a financial instrument, such as a bond or loan, becomes due and payable.
Par Value
The nominal or face value of a bond, stock, or coupon as stated by the issuer, typically not related to its market value.
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