(redirected from pares)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.


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.


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.



See par value.
References in periodicals archive ?
Fans support Eisa Al Dah during his win over Spain's Ignacio Cabellero Pares at the Dubai International Boxing Championship at the World Trade Centre on Friday.
Pare testified she couldn't sleep that night as a result of her interaction with Mr.
Las exportaciones de havaianas se dispararon de cero hace solo tres anos a 20 millones de pares el ano pasado.
Growing up in Barcelona, Spain, the only thing Georgina Pares knew about the YMCA was the crowd-pleasing song by the Village People.
They may date to as early as 1 million years ago, according to Pares, who plans to conduct further geological testing at the site in October.
BRONZE turned to gold for Buckley's John Pares when he strode to victory in the Commonwealth 24-hour race in Llandudno at the weekend.