The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

PAR Definition & Legal Meaning

Definition & Citations:

In commercial law. Equal; equality. An equality subsisting between the nominal or face value of a bill of exchange, share of stock, etc., and its actual selling value. When the values are thus equal, the instrument or share is said to be “at par;” if it can be sold for more than its nominal worth, it is “above par;” if for less, it is “below par.” Ft. Edward v. Fish, 156 N. T. 363, 50 N. E. 973; Evans v. Tillman, 38 S. C. 238, 17 S. E. 49.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.