Above par

Above par
Par Par, n. [L. par, adj., equal. See {Peer} an equal.] [1913 Webster] 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. [1913 Webster]

2. Equality of condition or circumstances. [1913 Webster]

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, whereas {bogey} 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 {double bogey}. [Webster 1913 Suppl. +PJC]

{At par}, at the original price; neither at a discount nor at a premium; -- used especially of financial instruments, such as bonds.

{Above par}, at a premium.

{Below par}, (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}.

{Par value}, nominal value; face value; -- used especially of financial instruments, such as bonds. [1913 Webster +PJC]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

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  • above par — index meritorious, notable, noteworthy, preferable, superior (excellent), valuable Burton s Legal Thesaurus. William C. Burt …   Law dictionary

  • above par — Better than average or normal …   The small dictionary of idiomes

  • above par — See: par. Bloomberg Financial Dictionary * * * above par aˌbove ˈpar adjective, adverb FINANCE at a price that is above the original value when shares and bonds were first made available: • The jeans maker s bonds are trading above par. * * *… …   Financial and business terms

  • Above Par — A term used to describe the price of a security when it is trading above its face value. A security usually trades at above par when its income distributions are higher than those of other instruments currently available in the market. If an… …   Investment dictionary

  • above par — above average, beyond what is expected …   English contemporary dictionary

  • above par — See: par value …   Accounting dictionary

  • above par — See par value …   Big dictionary of business and management

  • above par — /əˌbʌv pɑ:/ adjective referring to a share with a market price higher than its par value …   Dictionary of banking and finance

  • above par —  In good health and spirits …   A concise dictionary of English slang

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