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Hasil cari dari kata atau frase: Par value (0.02602 detik)
Found 2 items, similar to Par value.
English → English
Definition: par value
n : the value of a security that is set by the company issuing
it; unrelated to market value [syn: face value
, nominal value
English → English
Definition: Par value
, n. [L. par, adj., equal. See Peer
1. Equal value; equality of nominal and actual value; the
value expressed on the face or in the words of a
certificate of value, as a bond or other commercial paper.
2. Equality of condition or circumstances.
3. An amount which is taken as an average or mean. [Eng.]
[Webster 1913 Suppl.]
4. (Golf) The number of strokes required for a hole or a
round played without mistake, two strokes being allowed on
each hole for putting. Par represents perfect play,
makes allowance on some holes for human
frailty. Thus if par for a course is 75, bogey is usually
put down, arbitrarily, as 81 or 82. If par for one hole is
5, a bogey
is 6, and a score of 7 strokes would be a
[Webster 1913 Suppl. +PJC]
, at the original price; neither at a discount nor at
a premium; -- used especially of financial instruments,
such as bonds.
, at a premium.
(a) at a discount.
(a) less than the expected or usual quality; -- of the
quality of objects and of the performance of people;
as, he performed below par in the game.
On a par
, on a level; in the same condition, circumstances,
position, rank, etc.; as, their pretensions are on a par;
his ability is on a par with his ambition.
Par of exchange
. See under Exchange
, nominal value; face value; -- used especially of
financial instruments, such as bonds.
[1913 Webster +PJC]