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, 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 periodicals archive ?
7 524 yards, par 4 Usually a par five, the seventh will serve as a long par four, just as it did at the 2002 and 2009 US Opens.
PAR index is now used to assess orthodontic treatment need as a valid and reliable index.
The Novice Division was won by Joe Rasmussen with a 120 (even par).
He carded three over par 39 at front nine and 35, one under at back nine with three birdies and as many miss-strokes.
Par le respect d'un peuple humble qui refuse la condescendance.
Each Five Guys location will be equipped with one PAR Tablet 10, PAR's 10 inch enterprise grade tablet.
Brink has been a strategic partner of PAR's since 2011 and the combination of the two companies is a natural extension of this partnership and their integrated product offerings, PAR said.
Les recettes touristiques ont atteint, au cours des 2 premiers mois de 2014, 352,9 millions de dinars (MD), soit une hausse de 2,9 %, par rapport a la meme periode en 2013, et de 12,6 % par rapport a 2010.
He, "Modulation of PAR expression and tryptic enzyme induced IL-4 production in mast cells by IL-29," Cytokine, vol.
In the 0-12 handicap, Taimur Naseer, who recently represented Pakistan in Thailand Open, carded 36 par at front nine with two birdies and made two bogies and adding another superb score of 39, three over, par at back nine with missing a stroke over hole no.
Au moins 14 personnes ont peri et des dizaines ont ete blessees dans des violences hier lundi a travers la Syrie, apres un week-end sanglant marque par plus de 150 morts, a annonce l'Observatoire syrien des droits de l'Homme (OSDH).