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English definition of “below par”

below par

adjective    
STOCK MARKET relating to a bond or share that sells at a price that is lower than the value shown on it: If the bond is trading below par , the issuer is likely to repurchase it in the market .
worse than usual , or below the expected standard : Customers who were surveyed reported that the company's products are expensive and below par . → Compare above par
(Definition of below par adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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