Par value

Par value
Par Par, n. [L. par, adj., equal. See {Peer} an equal.] [1913 Webster] 1. Equal value; equality of nominal and actual value; the value expressed on the face or in the words of a certificate of value, as a bond or other commercial paper. [1913 Webster]

2. Equality of condition or circumstances. [1913 Webster]

3. An amount which is taken as an average or mean. [Eng.] [Webster 1913 Suppl.]

4. (Golf) The number of strokes required for a hole or a round played without mistake, two strokes being allowed on each hole for putting. Par represents perfect play, whereas {bogey} makes allowance on some holes for human frailty. Thus if par for a course is 75, bogey is usually put down, arbitrarily, as 81 or 82. If par for one hole is 5, a {bogey} is 6, and a score of 7 strokes would be a {double bogey}. [Webster 1913 Suppl. +PJC]

{At par}, at the original price; neither at a discount nor at a premium; -- used especially of financial instruments, such as bonds.

{Above par}, at a premium.

{Below par}, (a) at a discount. (a) less than the expected or usual quality; -- of the quality of objects and of the performance of people; as, he performed below par in the game.

{On a par}, on a level; in the same condition, circumstances, position, rank, etc.; as, their pretensions are on a par; his ability is on a par with his ambition.

{Par of exchange}. See under {Exchange}.

{Par value}, nominal value; face value; -- used especially of financial instruments, such as bonds. [1913 Webster +PJC]


The Collaborative International Dictionary of English. 2000.

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  • Par value — Par value, in finance and accounting, means stated value or face value. From this comes the expressions at par (at the par value), over par (over par value) and under par (under par value). The term par value has several meanings depending on… …   Wikipedia

  • par value — n: par(a) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. par value …   Law dictionary

  • par value — n. the value of a stock, bond, etc. fixed at the time of its issue; face value: distinguished from MARKET VALUE * * * …   Universalium

  • par value — n. the value of a stock, bond, etc. fixed at the time of its issue; face value: distinguished from MARKET VALUE …   English World dictionary

  • par value — See par for all securities except MBSs. See par line for MBSs. American Banker Glossary Also called the maturity value or face value; the amount that an issuer agrees to pay at the maturity date. Bloomberg Financial Dictionary See …   Financial and business terms

  • Par value — Also called the maturity value or face value, the amount that the issuer agrees to pay at the maturity date. The New York Times Financial Glossary * * * par value par value ➔ value1 * * *    The value that appears on the face of a document… …   Financial and business terms

  • par value — The value of an instrument for the payment of money as determined by the face of the instrument. The face value of a bond. An amount fixed as the nominal value of a share of corporate stock, such amount indicating the sum of money or value of… …   Ballentine's law dictionary

  • Par Value — 1. The face value of a bond. 2. A dollar amount that is assigned to a security when representing the value contributed for each share in cash or goods. 1. The par values for different fixed income products will vary. Bonds generally have a par… …   Investment dictionary

  • par value — face value; = nominal value The nominal price of a share or other security. If the market value of a security exceeds the nominal price it is said to be above par; if it falls below the nominal price it is below par. Gilt edged securities are… …   Accounting dictionary

  • par value — face value; nominal value The nominal price of a share or other security. If the market value of a security exceeds the nominal price it is said to be above par; if it falls below the nominal price it is below par. Gilt edged securities are… …   Big dictionary of business and management

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