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English definition of “par”

par

noun [U]
 
 
/pɑːr/
(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 worse than the usual or expected standard: California ranks below par in tackling the retiree health-care issue.
on a par with sb/sth UK (US on par with sb/sth) the same as or equal to someone or something: It is rated on a par with its rivals despite outperforming its sector in almost every measure. People often don't insist on raises that keep their pay on par with inflation.
par for the course a situation or standard of work or behaviour that is considered normal or typical: Massive management fees, he says, are par for the course in keeping an international operation running. The company's stock was hit hard today, but that's par for the course in this economy.
→ See also par bond
(Definition of par from the Cambridge Business English Dictionary © Cambridge University Press)
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