What is par meaning?

"Par" is a term used in various contexts, including finance, sports, and golf, among others. Here are some of the meanings of "par":

1. Finance: In the world of finance, "par" refers to the face value of a bond or a security. It is the amount that is paid or received when a bond matures, and it is also the price at which bonds are issued.

2. Sports: In sports, "par" refers to the expected score or performance level of a player or a team. For example, in golf, "par" is the predetermined number of strokes that a golfer should take to complete a hole or a course.

3. Business: In business, "par" refers to the nominal or minimum value of a share of stock. It is also used in relation to the "par value" of a currency, which is the value that a currency is assigned by its government.

4. Law: In law, "par" refers to a legal standard or criterion that must be met in order to establish liability or responsibility. For example, the "reasonable person" standard is often used to determine negligence in personal injury cases.

Overall, "par" is a term that can have different meanings depending on the context in which it is used.