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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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