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The term that refers to a purely arbitrary amount concerning a common share is best captured by the concept of "Par for a Common Share." Par value is a nominal figure assigned to a share of stock as a legal requirement in some jurisdictions. It is established when the share is issued and often bears little relation to the share's market price or actual value.

Par value serves primarily for legal and accounting purposes, establishing a minimum price at which shares can be sold, but it does not reflect the current market conditions, demand, or intrinsic value of the share. This arbitrary amount is important for regulatory purposes and can define certain rights for shareholders, but in practical terms, it typically has little impact on trading or investment decisions.

In contrast, terms like "Market Price" denote the actual trading price of the shares in the market, while "Nominal Share Value" may often be used interchangeably with par value but lacks the specific legal connotation of par for common shares. "Par for a Bond" relates specifically to bonds, not equity instruments like common shares. Thus, the correct choice effectively captures the essence of par value as it applies specifically to common shares.