Word Direct Answers

What does "par" mean?

Par: 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.

Additional senses

  1. 2.Equality of condition or circumstances. At par, at the original price; neither at a discount nor at a premium. -- Above par, at a premium. -- Below par, at a discount. -- 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. -- Par value, nominal value; face value.

Sources