par

noun
\ ˈpär How to pronounce par (audio) \

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 onjudged 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 The Cavs have the second-worst record in the NBA, about on par with their talent. Anthony Fenech, Detroit Free Press, "Inside Andre Drummond's rebirth in Cleveland — for one day, at least," 10 Feb. 2020 This is to make way for Billy Porter and his gigantic purple hat, which is a flex on par with wearing one of those big foam sandwich costumes to a Halloween party in a New York City studio apartment. Washington Post, "Adam Driver needs someone to talk to, and Geena Davis got her dress under my foot: Scenes from the Vanity Fair Oscar party," 10 Feb. 2020 Such a price would put Astra's dedicated-mission offering on par with the cost of rideshare missions aboard the Falcon 9 rocket. Eric Berger, Ars Technica, "At Astra, failure is an option," 6 Feb. 2020 As the lustrous feedstock for the digital hearts of most modern gadgets, silicon and lithium are a dynamic duo on par with Batman and Robin. Daniel Oberhaus, Wired, "Welcome to the Era of Supercharged Lithium-Silicon Batteries," 5 Feb. 2020 Speaking last November, Wray said the FBI netted about 107 domestic terrorism arrests in fiscal year 2019, on par with the number of international terrorism arrests. Erin Donaghue, CBS News, "Racially-motivated violent extremists elevated to "national threat priority," FBI director says," 5 Feb. 2020 The increase in female leads and co-leads puts film on par with TV, the report found. Bryan Alexander, USA TODAY, "2019 was a banner year for inclusion, study shows: More starring film roles for people of color and women," 4 Feb. 2020 The company’s 2020 capital spending budget is projected to be $6.5 billion to $6.7 billion, on par with the $6.6 billion in 2019. Jordan Blum, Houston Chronicle, "ConocoPhillips' fourth-quarter profit plunges by 60%," 4 Feb. 2020 At a cost of nearly $3 trillion annually (on par with the cost of Medicare for All), no one should expect UBI to become law anytime soon. John Mccormack, National Review, "Andrew Yang Is the Most Likable 2020 Democrat," 3 Feb. 2020

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 and Verb

Latin, one that is equal, from par equal

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Learn More about par

Statistics for par

Last Updated

18 Feb 2020

Cite this Entry

“Par.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/par. Accessed 25 Feb. 2020.

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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
How to pronounce par (audio)

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 How to pronounce par (audio) \

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 How to pronounce par (audio) \

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 How to pronounce par (audio) \

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

Legal Definition of par (Entry 2 of 2)

History and Etymology for par

Noun

Latin, one that is equal, from par equal

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More from Merriam-Webster on par

Thesaurus: All synonyms and antonyms for par

Rhyming Dictionary: Words that rhyme with par

Spanish Central: Translation of par

Nglish: Translation of par for Spanish Speakers

Britannica English: Translation of par for Arabic Speakers

Britannica.com: Encyclopedia article about par

Comments on par

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