What is PAR?

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.

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