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)

Keep scrolling for more

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.
See More

Recent Examples on the Web: Noun

Bubba Watson came from six shots back to claim the 2018 Travelers Championship at 17-under-par 263, three strokes ahead of Casey, Stewart Cink, Beau Hossler and J.B. Holmes. Kelli Stacy, courant.com, "Paul Casey Falls Short, Loses To Bubba Watson At Travelers Championship For Second Time," 24 June 2018 The 22-year-old was the only golfer among 45 competitors to score three rounds at par or better (72-69-72), and Chaves’ 3-under total was one stroke better than New Mexico’s Mackenzie Raim. Tod Leonard, sandiegouniontribune.com, "Mountain West golf title for SDSU's Chaves was long time coming," 7 May 2018 If the price of the stablecoin falls below par, the system can use the ether to buy up coins until the price gets back to $1. Timothy B. Lee, Ars Technica, "Basis—the “stable” cryptocurrency with $133 million invested—explained," 25 Apr. 2018 Some of Tesla’s convertible bonds are now trading below par, a sign that investors are valuing the securities less like equity, said Peter Tchir, head of macro strategy for Academy Securities Inc. Bloomberg.com, "Musk Has to Recharge Tesla's Finances to Make the Model 3 Go," 3 Apr. 2018 For plus size women finding fashion brands that are actually on par with trends from the runways is almost impossible, but beauty mogul Priscilla Ono is changing that. Teen Vogue, "Priscilla Ono Talks About Her Eloquii Collection at Beautycon," 8 Apr. 2019 However, the beef, kidney & pinto bean, bell pepper, and onion concoction sits on par with most other fast-food chili options. 11. Alex Aronson, Redbook, "The 14 Best Costco Food Court Menu Items, Ranked," 4 Apr. 2019 That's because its fat content is on par with actual heavy whipping cream. Audrey Bruno, SELF, "The Easiest Hack to Make Your Own Whipped Cream," 4 Apr. 2019 That may be the case, as analysts briefed by Qualcomm said that the chip’s power envelope was on par with the 845. Mark Hachman, PCWorld, "Meet Qualcomm's Snapdragon 855: AI boosts, a smarter camera, mobile gaming—and bye-bye, JPEG," 5 Dec. 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.

See More

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

Keep scrolling for more

Learn More about par

Statistics for par

Last Updated

7 Jun 2019

Look-up Popularity

Time Traveler for par

The first known use of par was in 1601

See more words from the same year

Keep scrolling for more

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.

Keep scrolling for more

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

Keep scrolling for more

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

What made you want to look up par? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

behavior toward others

Get Word of the Day daily email!

Test Your Vocabulary

Words for Summer: A Quiz

  • a closeup of a sunflower
  • Which of the following words means “of or relating to summer”?
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!