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 periodicals archive ?
'I'm afraid they are par for the course. Stadia always seem to be ready just in the nick of time.
It was definitely not par for the course the day taxi driver Dougie Lyall was hailed and hired by a big Texan.
You might say that's par for the course for celebrity magazines and general-interest Publications.
POKING fun at Rory McIlroy's decision to skip the Games appears to be par for the course.
Of course, those of us who've been following Neighbours for years know it's par for the course. Instead of just forgetting about Steph's suggestion, or putting it all down to a series of coincidences, Libby thinks she might be right so the two friends call Lyn for help in lifting the 'curse'.
Mind you if the leader of the council, Mike Whitby, can swan about in a pounds 40,000 Jaguar car it would appear par for the course.
Mr Huggins said his son had been playing golf since the age of two and had achieved a birdie (one shot under par for the course) not long after beginning lessons.
Messages of hate - racist and sectarian - cannot be allowed to be regarded as par for the course at these bonfires.
I'M amazed by the Record's story that taxpayers are funding pounds 10,000 flat-screen TVs for Barlinnie's worst criminals, but the news doesn't surprise me in the slightest as this kind of mollycoddling is par for the course for Scotland's law-breakers.
On reflection, it would be par for the course following the recent example of Coun Whitby spending pounds 17,000 to refurbish his office and pounds 40,000 on a luxury Jaguar car.