par

The face value of a security. For example, a bond selling at par is worth the same dollar amount it was issued for or at which it will be redeemed at maturity. Chicago Board of Trade glossary
————
(1) The principal or maturity value of a non-amortizing, debt security.
(2) The current face of a mortgage-backed security.
See par line.
(3) The price at which the face value of a debt security equals its selling price or 100.
(4) For stocks, the face or nominal amount of a share. American Banker Glossary
————
Equal to the nominal or face value of a security. A bond selling at par is worth an amount equivalent to its original issue value or its value upon redemption at maturity-typically $1000/bond. Bloomberg Financial Dictionary
See: discount, premium. Bloomberg Financial Dictionary
————
( i) Price of 100%.
(ii) The principal amount at which the issuer of a debt security contracts to redeem at maturity.
(iii) The nominal value of a security. Exchange Handbook Glossary

* * *

par par [pɑː ǁ pɑːr] noun [uncountable]
1. FINANCE the par value of a bond, share etc is its stated value when it is Issued (= sold for the first time). This is not necessarily the actual price paid for it. Bonds, for example, may be sold slightly above or below this value. The par value of bonds is used to calculate yield (= their profitability to the investor); = FACE AMOUNT; FACE VALUE; NOMINAL VALUE:
par at/​above/​below/​under par

• The notes are trading at 10% above par, or $1,100 for each $1,000 face amount.

• If the bond is trading below par, the issuer is likely to repurchase the bond in the market.

• The bonds, which carry a coupon of 5.5%, were trading at about 97% of their par value.

2. below/​under par also not up to par to be less good than usual or below the proper standard; = SUBPAR:

• The casinos are not performing up to par because the entire economy is suffering.

3. be on a par (with) to be at the same level, value, or standard:

• The free trade agreement between the US and Turkey would be on a par with the one the US has signed with Canada.

* * *

par UK US /pɑːr/ noun [U]
(also nominal price) FINANCE the original value of a share, bond, etc. when it is first available for sale: at par »

The bonds were priced at par with an initial yield of 4.4%.

a par value of sth »

The Board of Directors authorized the designation of 1,000,000 shares of stock, with a par value of $0.10 per share.

under/below/sub par — Cf. under/below/sub par
on a par with sb/sth — Cf. on a par with sth
par for the course — Cf. par for the course
See also PAR BOND(Cf. ↑par bond)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Par — o PAR puede referirse a: Contenido 1 Acrónimo 2 Biografías 3 Biología 4 Cultura 5 Física …   Wikipedia Español

  • 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… …   The Collaborative International Dictionary of English

  • Pär — ist als Variante von Per bzw. Peer ein skandinavischer, insbesondere schwedischer männlicher Vorname[1], abgeleitet vom griechischen Namen Petros (lateinisch Petrus). Weiteres zu Herkunft und Bedeutung des Namens siehe hier. Bekannte Namensträger …   Deutsch Wikipedia

  • Par — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom …   Wikipédia en Français

  • Par — steht für: Panzerabwehrrohr, siehe Panzerfaust Parabolic Aluminium Reflector, siehe PAR Scheinwerfer, ein Scheinwerfer in der Veranstaltungstechnik PAR1, PAR2, ein Dateiformat für Checksummen Peak to Average Ratio, das Verhältnis zwischen… …   Deutsch Wikipedia

  • PAR — steht für: Panzerabwehrrohr, siehe Panzerfaust Parabolic Aluminium Reflector, siehe PAR Scheinwerfer, ein Scheinwerfer in der Veranstaltungstechnik PAR1, PAR2, ein Dateiformat für Checksummen Partido Aragonés, eine spanische Regionalpartei… …   Deutsch Wikipedia

  • Par — Par, prep. [F., fr. L. per. See {Per}.] By; with; used frequently in Early English in phrases taken from the French, being sometimes written as a part of the word which it governs; as, par amour, or paramour; par cas, or parcase; par fay, or… …   The Collaborative International Dictionary of English

  • PAR — Saltar a navegación, búsqueda PAR (acrónimo) puede referirse a los siguientes partidos políticos: Partido Aragonés, partido nacionalista de centro derecha de Aragón, España; Partido de Acción Regionalista, partido independiente regional de Chile; …   Wikipedia Español

  • Par — Par, n. (Zo[ o]l.) See {Parr}. [1913 Webster] …   The Collaborative International Dictionary of English

  • Par'a — Pa*r[ a] , n. 1. The southern arm of the Amazon in Brazil; also, a seaport on this arm. [Webster 1913 Suppl.] 2. Short for {Par[ a] rubber}. [Webster 1913 Suppl.] …   The Collaborative International Dictionary of English

  • PAR — Préposition de lieu qui sert à marquer le mouvement et le passage. Il a passé par Paris, par Bordeaux. Il court par monts et par vaux. Voyager par eau, par mer, par terre. Aller par le monde. Il est toujours par les chemins, par voies et par… …   Dictionnaire de l'Academie Francaise, 7eme edition (1835)

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.