Par

pär, n. state of equality: equal value, the norm or standard: state or value of bills, shares, . when they sell at exactly the price marked on them—i.e. without premium or discount : equality of condition.— v.t. to fix an equality between.— Par of exchange , the value of coin of one country expre ed in that of another.— Above par , at a premium, or at more than the nominal value; At par , at exactly the nominal value; Below par , at a discount, or at le than the nominal value; Nominal par , the value with which a bill or share is marked, or by which it is known. [L. par , equal.]