par


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Par

In Commercial Law, equal; equality.

The term par refers to an equality that exists between the nominal or face value of a document—such as a bill of exchange or a share of stock—and its actual selling value. When the values are equal, the share is said to be at par; if it can be sold for more than its face value, it is above par; if it is sold for less than its nominal value, it is below par.

par

n. 1) equal. 2) the face value of a stock or bond, printed on the certificate, which is the amount the original purchaser paid the issuing corporation. However, most common stocks are issued as "no-par value," and the value reflects the current market for the stock. Preferred stocks state a par value upon which the dividends are calculated, and the par value of bonds establishes the final pay-off amount upon maturity, usually many years in the future. (See: stock, common stock, preferred stock)

par

(Equality), noun aequalis, aequus, balance, equal footing, equal value, equal worth, equality, equalness, equipollence, equivalence, evenness, identicalness, interchangeableness, likeness, sameness, similarity
Associated concepts: above par value, at par value, par value of stock

par

(Face amount), noun amount, appraisal, evaluation, face value, market price, price, rate, valuation, value, value in exchange, worth
See also: worth

PAR, comm. law. Equal. It is used to denote a state of equality or equal value. Bills of exchange, stocks, and the like, are at par when they sell for their nominal value; above par, or below par, when they sell for more or less.

References in classic literature ?
But they were on a par, the pair of them, in dress and carriage, and he smiled with inward amusement at the caprice of his fancy which suggested the appearance of either of them in Mrs.
Even though the Pervaise confession had never come to light, no reasonable doubt could obtain; for the act in question, that sent fifty-two Congressmen to prison, was on a par with countless other acts committed by the oligarchs, and, before them, by the capitalists.
To this class, all that is AWFUL is bad, in fact it is THE evil par excellence.
There were friends who seemed to be always coming and going across the Channel, on errands about the Bourse, and Greek and Spanish and India and Mexican and par and premium and discount and three quarters and seven eighths.
Mr Lammle came on the scene last, for he was always late, and so were the frequenters always late; all hands being bound to be made late, by private information about the Bourse, and Greek and Spanish and India and Mexican and par and premium and discount and three quarters and seven eighths.
01 par value ^Please note this product is part of a
Lanny Wadkins navigated 6,940-yard Valencia with five birdies, an eagle, seven pars, four bogeys and a double bogey in a round of 1-under-par 71.
Thus, while the rate of tax is set at 1% of par value for domestic corporations, a corporation's ability to arbitrarily set a low par or stated value has enabled domestic corporations to pay, on average, less than one-fifth of the franchise tax than if they were incorporated outside Alabama.
PAR Technology Corporation is a leading provider of professional services and enterprise business intelligence software and hardware to the hospitality industry.
2-Tin Janette : Femelle alezan de 3 ans par Dorwane de la Prade et Fassiha.
I shot under par, so I'm happy with that, but I feel like I can play better.