Dictionary of Phrase and Fable—P

Par

(A). A newspaper paragraph. (Press slang.)

Par

(At). Stock at par means that it is to be bought at the price it represents. Thus, 100 stock in the 2 1/2 per cent. quoted at par would mean that it would require 100 to invest in this stock; if quoted at 105, it would be 5 above par; if at 95, it would be 5 below par. (Latin, par, equal.)

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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