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PAR (Lat. par, equal)

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Originally appearing in Volume V20, Page 745 of the 1911 Encyclopedia Britannica.
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See also:

PAR (See also:Lat. par, equal) , technically a commercial and banking See also:term. ' When See also:stocks, shares, &c., are purchasable at the See also:price originally paid for them or at their nominal or See also:face value they are said to be at par. When the See also:purchase price is higher than the face value, they are above par, or at a See also:premium; when below face value, they are below par, or at a See also:discount. Par of See also:exchange is the amount of See also:money in the currency of one See also:country which is See also:equivalent to the same amount in the terms of another, both currencies being of the same See also:metal and of a fixed See also:standard.of See also:weight and purity.

End of Article: PAR (Lat. par, equal)

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