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 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

Most memorable shots involved players scrambling to save par — Woodland’s chip shot Saturday on No. Ron Kroichick, SFChronicle.com, "Pebble Beach more than holds its own in latest spin as U.S. Open host," 17 June 2019 The white-knuckle chip with a 64-degree wedge from a tight lie at 17 to save par. San Diego Union-Tribune, "Woodland’s U.S. Open victory is all about the shot making," 16 June 2019 After his tee shot landed on the fringe, 91 feet from the cup on the par-3 17th, Woodland chipped to 2 feet to save par. Karen Crouse, New York Times, "U.S. Open: Long-Driving Gary Woodland Putts His Way to Victory," 16 June 2019 Facing another likely bogey on the 14th hole, Woodland sank a 43-foot putt to save par. Brian Costa, WSJ, "Gary Woodland Maintains U.S. Open Lead Over Justin Rose, Brooks Koepka," 15 June 2019 In a gentle start to the toughest test in golf, Rose birdied his last three holes Thursday for a 6-under 65, giving him a one-shot lead on a day so accommodating that more than three dozen players broke par. Doug Ferguson, courant.com, "Justin Rose opens with 65 to tie Pebble record at US Open," 14 June 2019 Tiger found a bunker with his second shot on the par-5 18th, but saved par with a clean escape and long two-putt save. The Si Staff, SI.com, "2019 U.S. Open Live Blog: Tracking Tiger, Koepka and Round One Leaders at Pebble," 13 June 2019 Brad Buffoni eventually found it, and Nick Hardy saved par. Jon J. Kerr, chicagotribune.com, "Rust-Oleum Championship notebook: Documenting Nick Hardy's first day as a pro," 8 June 2018 Knox was on the ropes, 3 over for his round at Brookside and saving pars instead of making birdies. Doug Ferguson, OrlandoSentinel.com, "Ferguson: Michael Putnam latest example of not giving up on US Open," 6 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 and Verb

Latin, one that is equal, from par equal

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Statistics for par

Last Updated

21 Jun 2019

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 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

par

adjective

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

Rhyming Dictionary: Words that rhyme with par

Thesaurus: All synonyms and antonyms for 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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