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 ?
Par la susceptibilite qui donne l'impression d'etre rejete par nos enfants quand, par hasard, ils n'aiment pas le couscous.
6-Aarbia : Femelle baie 2ans, par Tolbiac et Harath.
6 Juniper 180yds par 3 Elevated tee down to vast green with huge slope make correct clubbing crucial.
5-Raada : Femelle alezan de 3 ans par Kirb de Passerat et Ghamara.
6th (577yds, par 5): driver left rough, 7-iron lay-up, sand-wedge to 4ft, 1 putt.
5-Ras el Mal: Male alezan 3 ans par Kiffane et K'sira.
Vital stats: Par 72 with five sets of tees, including green tees rated for men and women.
The 50-over Champions Tour, which takes on NCR Country Club in Kettering, Ohio, July 14-17, has been faring considerably better against par in its annual USGA tests.