Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “par bond”

par bond

noun [C] 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.
→ See also par value
(Definition of par bond noun from the Cambridge Business English Dictionary © Cambridge University Press)

Word of the Day

cruise

a journey on a large ship for pleasure, during which you visit several places

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More