Par

(redirected from par for the course)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia.

Par

Equal to the nominal or face value of a security. A bond selling at par is worth an amount equivalent to its original issue value or its value upon redemption at maturity-typically $1000/bond. See: Discount, premium.

Par

1. Of equal value. The word is often used in relation to pegged currencies; that is, if one currency pegs itself to another at par, it means that the central bank has declared that the currencies are of equal value.

2. The full price of a bond. This is usually, but not always, $1,000 per bond. Coupon payments are calculated as a percentage of par. Likewise, bonds are often traded as a percentage of par. For example, one may buy a bond at 95% of par, meaning that the investor pays $950. It is also called face value.

PAR


par

See par value.
References in periodicals archive ?
And that was par for the course, Donnelly told me, for the monthlong watch that began days after the massive pro-immigrant protests were rolled out in the United States.
Operation IF you're a surgeon, or involved in medicine dreaming of a medical operation may be par for the course.
Cashing in on Buck House PLC seems par for the course now.
Such innovation is rare in Hollywood but par for the course in Hergott's company.
Soundbites from the likes of Thierry Henry, Pele, Arsene Wenger, Michel Platini and Michael Ballack are all par for the course.