Over time, the bond’s price will change, due to changes in interest rates, credit ratings, and time to maturity. When this happens, a bond’s price will either be above its par value (above par) or below its par value (below par). Punctuation and syntax are your allies in ensuring “on a par” integrates smoothly into your writing.
The PGA of America is made up of more than 30,000 PGA of America Golf Professionals who love the game, are expert coaches, operators and business leaders, and work daily to drive interest, participation and inclusion in the sport. We’re doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we’ll take care of it shortly. Literature and media often employ “on a par” as a narrative device, illuminating characters or situations with balance and relatability. Authors use it to draw parallels between protagonists and everyday heroes or to set the stage for equitable rivalries. In films and TV shows, a character might remark on another’s skills being on a par with a legend, neatly weaving the fabric of the story with threads of comparison and respect.
This dictionary definitions page includes all the possible meanings, example usage and translations of the word at par.
Bonds trade at premiums when its stated interest rate is greater than the market rate (and therefore the bond’s coupon rate). Shape your pizza dough to your desired size, then bake using your preferred method (I love using a pizza steel) for 5-6 minutes until the dough is bubbling but still pale with just a hint of golden brown. If just storing crusts, wrap well in foil or plastic, then store in freezer baggies.
“At Par”: Understanding Bond Valuation
YTM is most common, it accounts for the market value of the bond and the present value of the bond’s future interest payments. YTC makes the assumption that the bond will be called before its maturity date, therefore changing the cash flow from interest payments. YTW is used when a bond has multiple options — either to be held to maturity or held until called by the issuer — and uses the lower of the two options.
- In essence, it’s like saying one’s cooking skills are as impressive as a professional chef’s – they’re on equal footing, or, in our expression of interest, on a par.
- The phrase “on a par” is widely recognized as an expression of equality or equivalence, often used to compare two entities, ideas, or standards.
- It lends a tone of precision and objectivity, whether you’re evaluating research outcomes or financial performances.
- Another Par Funding collector admitted to extorting multiple customers at Joseph LaForte’s direction, including through threats of physical harm to the customers or their families if the debt was not paid back.
- Despite the context, the phrase maintains its essence—it’s the dress code that changes, not the guest of honor.
- Because of this you will sometimes find “on par with” used figuratively for other contexts even outside of headline style and golf.
Today, the third is set up as a drivable par 4 on one or more days of the Masters by moving the tees forward, often on Sundays and in combination with the diabolical left-side hole location. Most competitors attempt to hit their drives as close to the green as possible, with drives generally ending up in the hollow below the left side of the green where they trust their short games to get up and down for birdies. But putts and chips from above the usual Sunday hole location are among the fastest and scariest on the course. As the land around the green cants away on the left, the right-front of the putting surface, nearly level with that side of the fairway, was accessible via the ground using the slope on the right for help. But anything that missed short for left-side hole locations would tumble into the valley 10 to 12 feet below the putting surface, leaving tenuous blind pitches back up to the hole. The income and expenditure health and social care SEC in Florida investigated and litigated the civil securities fraud charges, which formed the basis of a portion of the criminal prosecution.
What Does “at Par” Mean?
This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. The Masters officials are aware of how tempting this hole can be and play into competitors’ desires by moving the tees and hole locations around in different combinations that create significantly different—and tempting—holes on different days of the tournament. The PGA of America is one of the world’s largest sports organizations, composed of PGA of America Golf Professionals who work daily to grow interest and participation in the game of golf. Barleta pleaded guilty in October 2024 to one count of racketeering conspiracy and is scheduled to be sentenced on June 2, 2025.
If you are writing for someone in the States, “on par with” is the best choice. But it looks like it is used more across the pond in the beautiful British Isles. However, if you are writing an academic piece, I’d avoid it altogether and use “at the same level”. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only.
The phrase “on a par” is widely recognized as an expression of equality or equivalence, often used to compare two entities, ideas, or standards. According to resources like the Merriam-Webster dictionary, “on a par” signifies being equal in status, quality, or value. For instance, one might say that the healthcare system in England is “on a par” with that of other leading nations, emphasizing similarity in quality or effectiveness. This expression is versatile and can be applied in various contexts, from financial performance to cultural achievements.
Typically, the phrase isn’t hyphenated unless used as a compound adjective (e.g., a on-a-par performance). Commas usually come into play when “on a par” is part of a nonrestrictive clause—think of them as polite ushers guiding the reader through your sentence. Syntax-wise, ensure that the components being compared are parallel for the equivalence to resonate with clarity.
Market Regulation
Par value differs from the market value which fluctuates for bonds based on market interest rates, time to maturity date, company news and credit ratings. Both par value and the bond’s coupon rate remain the same for the entire life of the bond. If a company issues a bond with a 5% coupon, but prevailing yields for similar bonds are 10%, investors will pay less than par for the bond to compensate for the difference in rates. The bond’s value at its maturity plus its yield up to that time must be at least 10% to attract a buyer.
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- The phrase ‘at par’ is correct and commonly used in financial contexts to mean at the nominal or face value of something.
- Some states do not require par value for stocks, so not every common stock is going to have a par value.
- The Masters officials are aware of how tempting this hole can be and play into competitors’ desires by moving the tees and hole locations around in different combinations that create significantly different—and tempting—holes on different days of the tournament.
- But anything that missed short for left-side hole locations would tumble into the valley 10 to 12 feet below the putting surface, leaving tenuous blind pitches back up to the hole.
- The market price of a bond is rarely at par due to constant market fluctuations.
- It’s a snug fit when sizing up the performance of two employees or balancing the pros and cons of your investment options.
Each idiom adds a splash of color to your conversations, letting you paint with a broader palate of expression. As you dive into different languages, you’ll uncover the rich tapestry of idioms akin to “on a par.” From “au même niveau” in French to “auf Augenhöhe” in German, each expression captures the essence of equivalence and balance across borders. Understanding these parallels not only enriches your linguistic skillset but also opens up a world where the concept of equality is universally understood yet uniquely expressed. “Being on par” effortlessly finds its way onto the sports field, where it imparts a sense of balanced competition.
If the dough was frozen, thaw overnight in the fridge, then bring to room temp. I usually make two small pizzas for dinner (ideal for smaller families like mine) and use the remaining dough to prep homemade frozen pizzas for later. It’s a great way to stretch one batch into multiple meals—and I’ll walk you through every step below.
From speedy dinners to tasty desserts, with easy step-by-step instructions. I am here to help teach you how to make mouthwatering recipes without spending hours in the kitchen. Before you begin, let refrigerated dough sit at room temp for 60 minutes before shaping.
A frequent blunder with “on a par” is using it when a hierarchy is implied. For instance, saying one athlete is “on a par above the rest” muddles the meaning. It’s like putting someone on an equal pedestal but somehow still higher—it doesn’t quite add up. Clarity is king, and precision is its crown; remember, “on a par” signifies equality, not superiority. Steering clear of mixing metaphors ensures your message isn’t lost in translation. Debt instruments are issued in denominations of $100, $1,000, or $5,000, which is considered their par value.
In formal settings, “on a par” retains a sophisticated air, fitting seamlessly into academic discourse what is your strongest asset or high-stakes business meetings. It lends a tone of precision and objectivity, whether you’re evaluating research outcomes or financial performances. Contrarily, in casual banter, it rolls off the tongue with ease, perfect for comparing favorite pizza joints or gaming skills. Despite the context, the phrase maintains its essence—it’s the dress code that changes, not the guest of honor.
Phrases like “comparable to” might imply a broader range of similarity rather than a precise match. “Up to par” swings the focus towards meeting a standard, often without suggesting a direct equivalence. And then there’s the more casual “in the same ballpark,” conjuring an image of rough equivalence without the granular detail. Each phrase dances around the same maypole of comparison, albeit with their unique steps and rhythms.
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At the bond’s maturity date, every bondholder will receive the par value, regardless of if they purchased it at a discount or premium. The phrase ‘at par’ is correct and commonly used in financial contexts to mean at the nominal or face value of something. The phrase ‘on par’ is correct and commonly used in English to indicate being equal or equivalent to something. Stack Exchange network consists of 183 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. Here at biweekly vs semi-monthly payroll The Fresh Cooky you will find easy, mostly from-scratch, trusted recipes for all occasions.