par

noun
\ˈpär \

Definition of par 

(Entry 1 of 2)

1a : the established value of the monetary unit of one country expressed in terms of the monetary unit of another country using the same metal as the standard of value

b : the face amount of an instrument of value (such as a check or note): such as

(1) : the monetary value assigned to each share of stock in the charter of a corporation

(2) : the principal of a bond

2 : common level : equality usually used with on judged the recording to be on a par with previous ones

3a : an amount taken as an average or norm

b : an accepted standard specifically : a usual standard of physical condition or health wasn't feeling up to par today

4 : the score standard for each hole of a golf course The 18th hole is a par 5. also : a score equal to par

par for the course

: not unusual : normal It's par for the course that she's late to the meeting.

par

verb
parred; parring

Definition of par (Entry 2 of 2)

transitive verb

: to score par on (a hole)

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Other Words from par

Noun

par adjective

Examples of par in a Sentence

Noun

He made par on the ninth hole. She finished the 18th hole three strokes under par. He made a par on the ninth hole. She made nine pars in a row.
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Recent Examples on the Web: Noun

That sort of federal subterfuge is par for the course. Brian Barrett, WIRED, "How the US Government Secretly Sold 'Spy Phones' to Suspects," 13 July 2018 Dave Wasserman, House editor for the Cook Political Report, said the nastiness of California’s primaries was about par for the course. Emily Cadei, sacbee, "Democrats push for unity in California House races after bruising primary," 13 July 2018 Trump can blame a NATO spending rule for all this, but the real failure lies closer to home—with his own preference for military showmanship over bread and butter programs that are already par for the course in Europe. Lindsay Koshgarian, Fortune, "Trump’s Complaints About NATO Defense Spending Don’t Add Up," 12 July 2018 The United States spends close to 4 percent of GDP on defense, but GDP growth under Trump has been par for the course. Salvador Rizzo, Washington Post, "Anatomy of a Trump rally: 76 percent of claims are false, misleading or lacking evidence," 10 July 2018 Spankings, beatings, whippings and much worse were par for the course not only for parents but also for any adults who had a child in their care. Meghan Leahy, chicagotribune.com, "I don't want to spank my sassy 4-year-old. What should I do instead?," 5 July 2018 The braking, while nothing to write home about with a reported 60-to-zero reading of 126 feet, was still par for its class. Al Haas, Philly.com, "Nissan's Kicks is a cute, useful hatchback, not a crossover," 5 July 2018 This is par for the course in an industry where the number of threats are increasing, but advances in security and system resilience have made inflicting any real damage increasingly difficult. Don Santa, Houston Chronicle, "Commentary: Administration’s action on coal, nuclear solves a problem that doesn’t exist," 5 July 2018 Squires was 7-under par for the first eight holes, including an eagle, and led by seven at that point. James Weber, Cincinnati.com, "Quarterfinals set in Metropolitan Amateur golf championship," 29 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'par.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of par

Noun

1601, in the meaning defined at sense 1a

Verb

1950, in the meaning defined above

History and Etymology for par

Noun

Latin, one that is equal, from par equal

Verb

see par entry 1

Noun

Latin, one that is equal, from par equal

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Statistics for par

Last Updated

11 Oct 2018

Look-up Popularity

Time Traveler for par

The first known use of par was in 1601

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More Definitions for par

par

noun

Financial Definition of par

What It Is

In the bond world, par is the face value of a bond. That is, the par value is the amount the issuer promises to pay the bondholder when the bond matures. For equities, the par is a very small, arbitrary value assigned to each share.

How It Works

Let's assume Company XYZ issues $10 million in bonds to the public. It may do so by issuing 10,000 bonds, each with a $1,000 face value. That means that when each bond matures, the holder will receive the par value of $1,000. Most corporate bonds have $1,000 face values, but municipal bonds often have $5,000 par values and federal bonds often have $10,000 par values.

The par values for stocks are typically $0.01 per share and are set forth in the issuer's articles of incorporation. For preferred stock, however, par values may be higher because they are often used to calculate dividends.

Why It Matters

For bonds, par is a pricing benchmark. When the bond's price is below par, the bond is considered "discounted;" when the bond's price is above par, the bond is considered "at a premium."

Par has little significance for equities because it generally does not influence the stock price itself.  The cumulative par value of all the company's shares outstanding is reflected in the shareholders' equity section of the balance sheet.

Source: Investing Answers

par

noun

English Language Learners Definition of par

: the number of strokes a good golfer is expected to take to finish a golf hole or course

business : the value of a stock or bond that is printed on the paper of the stock or bond itself or that is decided upon when the stock or bond is issued

par

noun
\ˈpär \

Kids Definition of par

1 : an equal level They are two people with talents on a par.

2 : the score set for each hole of a golf course

3 : a usual or average level His grades were below par.

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par

noun
\ˈpär \

Medical Definition of par 

: a usual standard of physical condition or health his insulin production…is not up to par— P. G. Donohue

par

noun
\ˈpär \

Legal Definition of par 

(Entry 1 of 2)

: the face amount of an instrument of value (as a check or note): as

a : the monetary value assigned to each share of stock in the charter of a corporation

b : the principal of a bond

par

adjective

Legal Definition of par (Entry 2 of 2)

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Comments on par

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