par bond Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “par bond” in the 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 ​parbondspaidinterest 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)
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