par bond Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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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 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)
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