par
noun
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Definition of par
(Entry 1 of 2)
par
verbDefinition of par (Entry 2 of 2)
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Synonyms for par
Synonyms: Noun
bar, barometer, benchmark, criterion, gold standard, grade, mark, measure, metric, standard, touchstone, yardstick
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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.
Recent Examples on the Web: Noun
Marion, a 23-year-old soldier from North Carolina stationed at JBER, shot par at windy Palmer Golf Course to claim a five-stroke victory over defending champion Greg Sanders. — Anchorage Daily News, "JBER golfer claims Alaska State Amateur championship," 15 July 2019 Rain and windy conditions could make even-par the winning score over four days, Robb said. — Charley Walters, Twin Cities, "Charley Walters: Twins aren’t interested in short-term rentals," 13 July 2019 Defending champion Vijay Singh is is even-par after two rounds of 70. — Branson Wright, cleveland.com, "Bridgestone Senior Players 2019: Retief Goosen takes three-stroke lead with near course record," 12 July 2019 Bloomfield’s Maisie Filler, shot an even-par 70 and had the low score among the players from Connecticut with a 1-over 141. — Staff Report, courant.com, "Rose Zhang leads Girls Junior PGA At 10-under," 10 July 2019 Nate Lashley leads the 2019 Rocket Mortgage Classic at 23-under-par 193 at Detroit Golf Club after three rounds, June 29, 2019. — Marlowe Alter, Detroit Free Press, "Rocket Mortgage Classic leaderboard: Final round at Detroit Golf Club," 30 June 2019 Under the new law, the RTGS dollar is at par with the Zimbabwe unit. — Chris Muronzi, Quartz Africa, "The Zimbabwean dollar makes a return a decade later but uncertainty reigns," 26 June 2019 Eight-year Avis Budget Car Rental bonds, issued at par with a 5.75% coupon on Wednesday, traded Thursday afternoon at 101 cents on the dollar, according to MarketAxess. — Sam Goldfarb, WSJ, "Fed Gives Lift to Corporate Bonds," 20 June 2019 In the girls division, Hailey Jones (Dallas) shot an even-par 72 for a one-shot advantage over Madelyn Jones (Austin). — Richard Dean, Houston Chronicle, "League City's Niko Nebout takes first-round lead in Patrick Reed Junior Championship," 19 June 2019These 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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More Definitions for par
par
nounFinancial 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
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par
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Medical Definition of par
par
noun
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Legal Definition of par
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adjectiveLegal Definition of par (Entry 2 of 2)
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