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

Stupid, unpresidential, par for the course — but not tampering by itself. Sean Illing, Vox, "Did Trump commit witness tampering by tweet? I asked 9 legal experts.," 3 Dec. 2018 However, for the world’s most stylish (and famous) faces, being greeted by a phalanx of photographers upon arrival (or departure) is par for the course. Edward Barsamian, Vogue, "These Celebs Nailed the Art of Airport Style This Year," 28 Nov. 2018 Its body is nearly identical to the X-T2’s, and despite some hand-wringing over Fujifilm assembling it in China instead of Japan, everything about the hardware feels on par, sometimes better than, the X-T2. Chris Welch, The Verge, "Fujifilm X-T3 review: the do-everything camera," 24 Oct. 2018 Trying to trick someone into violating their parole is a pretty par for the course GG plot, as is Chuck mixing business and pleasure with Raina. Elizabeth Logan, Glamour, "Every Single Episode of Gossip Girl, Ranked," 19 Sep. 2018 Ironically, this prejudice can extend into the medical community, leading to sub-par treatment. Melissa Stein, STAT, "Privacy laws are hurting the care of patients with addiction," 13 July 2018 There is no shortage of talent but few proven options behind Swift, and Kentucky’s best hope for a sub-par showing from the Bulldogs' offense might be for wear and tear to play a factor in the Georgia backfield by November. Jon Hale, The Courier-Journal, "Here's how Kentucky can win the toughest game on its schedule: Georgia," 10 July 2018 Kim also broke the LPGA record for most sub-par holes in a single event (32) and the 54-hole scoring record (24-under). Milwaukee Journal Sentinel, "D'Amato: She wanted to do 'something incredible,' and that Sei Young Kim did at Thornberry Creek," 8 July 2018 Having clearly had his confidence knocked by his sub-par performances, Jose Mourinho has taken to sending the Spain shot stopper a message of support - showing a touching display of solidarity with his Manchester United number one. SI.com, "David De Gea Receives Message of Support From Mourinho as Hierro Confirms Choice for Spain No.1," 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

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Statistics for par

Last Updated

6 Dec 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)

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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