Par


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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 ?
6 408 yards, par 4 A straight shot into a fairway made smaller by bunkers on both sides.
Former Kenya Amateur Golf Champion Edwin Mudanyi made his pro debut with joint ninth rating with Railways Alfred Nandwa on one over par 74.Action resumes 6.30am on Saturday with amateurs playing an 18-hole stableford competition.
Richmond et al considered that an acceptable occlusion is characterized by PAR score of 10 or less.
In the Women's Recreation Division Genie Livingston won her first tournament with a 169 (49-over par).
Ghazanfer Mehmood is also sharing the same place with Taimur with his gross score 74, two over par.
Marocain par le fil de l'histoire vecteur de l'esprit des ancetres.
The PAR EverServ 7700, PAR's best-in-class POS terminal, was built to withstand the harsh restaurant environment without sacrificing a sleek design and the power needed to run a business.
De nombreuses circonscriptions, au Canada et ailleurs, ont songe a mettre en oeuvre le vote par Internet lors des elections.
According to PAR, this acquisition adds Brink to the PAR software portfolio and complements its PixelPoint software and enables PAR to expand its market reach and continue to focus and invest in solutions for the restaurant market.
Les arrivees des maghrebins aux frontieres, ont evolue significativement, de 35,1% par rapport 2013, et de 18,8% par rapport 2010 (annee de reference).
Human eosinophils express PAR-1 and -2, and PAR-2 is the major PAR receptor that is capable of modulating eosinophil function.
PESHAWAR -- International golfer Taimur Naseer lifted the trophy with his gross score three over par 75 over 18-holes in the first RMI Amateur Golf Tournament played here at PAF Golf Course on Sunday.