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Par value   /pɑr vˈælju/   Listen
noun
Par  n.  
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.
2.
Equality of condition or circumstances.
3.
An amount which is taken as an average or mean. (Eng.)
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.
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.





Collaborative International Dictionary of English 0.48


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"Par value" Quotes from Famous Books



... have always been a good customer, and always prompt in our payments, they should be reasonable, and admit that it is no worse to have idle bonds than it is to have idle money, so long as final payment is assured. Neither should they expect, par value for what did not, in many cases, cost them fifty cents on the dollar. We will pay them market value no more. And do not imagine that these people have been kept waiting very long to find out these terms. For so positive are these leeches, here and elsewhere, of being able to maintain their ...
— Confiscation, An Outline • William Greenwood
... his splendid speculation in government securities, and wondering how he could metamorphose his Parisian silver into solid gold; he was making up his mind to invest in this way everything he could lay hands on until the Funds should reach a par value. Fatal reverie for Eugenie! As soon as he came in, the two women wished him a happy New Year,—his daughter by putting her arms round his neck and caressing him; Madame Grandet ...
— Eugenie Grandet • Honore de Balzac
... money expended for direct war purposes alone since August 1, 1914, is equal to three times the par value capitalization of all the American railroads. It represents fifty times the net national debt of the United States: eighteen times the amount of money in actual circulation in this country: and eleven times ...
— The War After the War • Isaac Frederick Marcosson
... they should be allowed to issue circulation equal to the par value of the bonds they deposit to secure it, and that the tax on their circulation should be reduced to one-fourth of 1 per cent, which would undoubtedly meet all the expense the Government incurs on their account. In addition they should ...
— Compilation of the Messages and Papers of the Presidents - Volume 8, Section 2 (of 2): Grover Cleveland • Grover Cleveland
... experience, he only wants to be in motion. In later life, energy is definitely put forth for some desired end. But whatever the motive, experiences helpful or harmful, according to the sort of activity, result, and they enter character at par value. ...
— The Unfolding Life • Antoinette Abernethy Lamoreaux


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