Meaning of “par bond” in the English Dictionary

business-english dictionary

"par bond" in Business English

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par bondnoun [ C ]

uk us FINANCE

a bond that is sold at the value that it had when it was first sold:

The par bonds paid interest at 4% in the first year, rising to 6% in the seventh year and thereafter.

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(Definition of “par bond” from the Cambridge Business English Dictionary © Cambridge University Press)