above par


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Above par

See: Par.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Above Par

Describing a bond or other fixed-income security that sells for a price above its face value. For example, a bond for $20 over its face value is selling above par. Generally speaking, securities sell above par when interest rates have declined and thus new issues of bonds will pay a lower coupon. A bond that sells above par will mature at a price less than what the bondholder paid, but he/she may still make a profit, if one takes coupons into account.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

above par

Of or relating to a security that sells at more than face value or par value. For example, a $1,000 par bond that trades at a market price of $1,050 is selling above par. A fixed-income security is most likely to sell above par if market rates of interest have declined since the time the security was issued. Bonds purchased above par will result in capital loss to the buyer if held to maturity and redeemed at face value. Compare below par. See also premium bond.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Average score on all three last year was above par. Just the two par fives, the first and 11th.
As usual WNO's orchestra was way above par and it was a grand start to their week in Liverpool
'The interest rate is high but the price is above par. Put these together and we get a gross redemption yield of 3.74 per cent.
ABOVE PAR J Peter's 18ft parsnip AS YOU ZLEEK IT Jamie, six BUT I HATE CABBAGE...
Open house: At Carnoustie Above par: Harrington at Carnoustie Above par: Harrington at Carnoustie
Average score on all three last year was above par. Just the two par fives, the first, the easiest hole on the course, and 11th.
ABOVE PAR: The showhome at Vale Royal Abbey Development, above, features stylish interiors
ABOVE PAR Arlene Foster at Royal Portrush Golf Club with Darren Clarke, Graeme McDowell, Club captain Philip Tweedie and Coleraine Mayor Maurice Bradley yesterday
The incremental debt, rated at Aaa by Moody's, was priced above par, at 104.37%, the news agency added.
The notes paying a 2.125% coupon were issued above par, at 100.888%, to yield 1.812% on maturity.
HE may be 79 but The King left no doubt he is above par when it comes to playing one of his favourite courses.