par1 / pär/ • n. 1. Golf the number of strokes a first-class player should normally require for a particular hole or course: the sixteenth is a par five he had advanced from his overnight position of three under par. ∎ a score of this number of strokes at a hole: a card that showed 16 pars, one eagle, and one birdie. 2. Stock Market the face value of a stock or other security, as distinct from its market value. ∎ (also par of exchange) the recognized value of one country's currency in terms of another's. • v. (parred , par·ring ) [tr.] Golf play (a hole) in par. PHRASES: above (or below or under) par better (or worse) than is usual or expected: poor nutrition can leave you feeling below par. on a par with equal in importance or quality to; on an equal level with: this home cooking is on a par with the best in the world. par for the course what is normal or expected in any given circumstances: given the high standards of the food, the prices seem par for the course. up to par at an expected or usual level or quality. par2 / par/ • n. inf. a paragraph.
Incommercial law, equal; equality.
The term par refers to an equality that exists between the nominal or face value of a document—such as a bill of exchange or a share of stock—and its actual selling value. When the values are equal, the share is said to be at par; if it can be sold for more than its face value, it is above par; if it is sold for less than its nominal value, it is below par.