Definition, Meaning & Synonyms

par

noun

/pɑːr/

Definition

A term used in finance and golf to denote a standard or average value.

Examples

In finance, the bond was sold at par, meaning it was sold for its face value.
The golfer aimed to finish the hole in par, indicating he aimed to complete it in four strokes.

Meaning

In finance, ‘par’ refers to the face value of a bond or stock. In golf, it represents the number of strokes an expert golfer is expected to take to complete a hole or a course.