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 puts it on par with rent in some buildings on the Upper East Side across the East River in Manhattan. Bernard Condon, The Seattle Times, "Amazon’s NYC home in ‘opportunity zone’ for Trump tax break," 13 Nov. 2018 Most Popular Stereotypes To view this video please enable JavaScript, and consider upgrading to a web browser that : 0%: 0% The Luxury Card also comes with a whole host of travel benefits that put it on par with the big boys in travel credit cards. Ryan Craggs, Condé Nast Traveler, "The New SPG Luxury Credit Card Is Suddenly One of the Best Travel Credit Cards," 14 Sep. 2018 The 2027 bonds were sold at par with a 6.5% coupon, lower than initial guidance from lead underwriter Bank of America Corp. but still comfortably above the yield on Targa’s existing bonds of a similar maturity. Sam Goldfarb, WSJ, "Junk-Bond Sale Ends 40-Day Market Drought," 10 Jan. 2019 Attempting to do so is pretty much on par with reading tea-leaves in terms of accuracy. Jennifer Wright, Harper's BAZAAR, "What Will Actually Happen to Trump?," 19 Dec. 2018 At 10-over par through two rounds - five shots behind Grimmer and 14 behind leader Dustin Johnson (-4) - Tiger Woods is among golfers expected to miss the cut. Dave Clark, Cincinnati.com, "Will Grimmer of Mariemont expected to make cut at U.S. Open," 15 June 2018 PGA Tour officials turned it into a par-70 for the American Express Championship in 2005, when Woods and John Daly went to a playoff at 10-under-par. Ron Kroichick, San Francisco Chronicle, "Top men’s college teams coming to Harding Park," 28 Mar. 2018 Two-time defending champion Miguel Angel Jimenez had a 68 to tie for 33rd at even par. Milwaukee, Milwaukee Journal Sentinel, "Steve Stricker wins second straight PGA Tour Champions event," 25 Mar. 2018 Regional corporate bonds with investment-grade ratings are also trading below par, despite a modest rebound in the past month. Mike Bird, WSJ, "Better Value Than U.S. Stocks: Asian Shares Hit Fire-Sale Valuations," 14 Jan. 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

15 Feb 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 \

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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