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

Investors seem to be suspending judgment—at least for now—valuing the company’s shares at around $140 in late April, on par with the stock price from a year ago, though up some 20% from its five-year low. Fortune, "Earnings Per Share (Last Fiscal Year)," 1 July 2019 His Madden rating puts him on par with guys like second-rounder Drew Lock (67) and third-rounder Will Grier (66). Dan Gartland, SI.com, "Giants Rookie Daniel Jones Wildly Overestimated His ‘Madden’ Rating," 1 July 2019 With its rich maritime history on par with New York and San Francisco, Boston has a vibrant startup community and a solid foundation of venture capital. John Konrad, BostonGlobe.com, "The next global tech disruption will happen where few expect it," 28 June 2019 That’s on par with the Galleria and is $4.34 more than average rents for the overall Houston market. Katherine Feser, Houston Chronicle, "Former Greenway Plaza design center building trades hands," 28 June 2019 This African crisis is on a par with those in Yemen and Syria but gets much less attention than either -- perhaps because CAR, a landlocked country of abject poverty, has never seemed as geopolitically significant as those other cases. Sebastian Shukla, Tim Lister And Clarissa Ward, CNN, "The forgotten crisis that has displaced 1.2 million people," 27 June 2019 Apple’s iOS 13 brings Dark Mode to the iPhone and iPad, putting the mobile devices on par with the Dark Mode introduced in macOS Mojave last year. Lauren Goode, WIRED, "An iOS 13 Preview: The 7 Top Features Coming to Your iPhone," 25 June 2019 The implicit loss of human life is on a par with some Marvel movies, but without the superheroes to soften the blow. The Economist, "China’s grand, gloomy sci-fi is going global," 22 June 2019 That’s fairly on par with a typical season, and well below the CDC’s 2017-2018 estimates of 48.8 million illnesses, 959,000 hospitalizations and 79,400 deaths. Time, "This Past Flu Season Was the Longest in 10 Years, the CDC Says," 20 June 2019

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

5 Jul 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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