Legal Definition and Related Resources of Par

equal value .

In common law. Equal. It is used to denote a state of equality or equal value. An equality of actual with nominal value. 9 Baxt. (Tenn.) 410, 99 Miss. 859; 35 L. R. A. (N. S.) 791; 156 N. Y. 363, 50 N. E. 973. Bills of exchange, stocks, and the like, are at par when they sell for their nominal value; above par, or below par, when they sell for more or less.

In the case of a common share, par means a dollar amount assigned to the share by the company’s charter. Par value may also be used to compute the dollar amount of common shares on the balance sheet. Par value has little relationship to the market value of common stock. Many companies issue no-par stock but give a stated per share value on the balance sheet. In the case of preferred stocks it signifies the dollar value upon which dividends are figured. With bonds, par value is the face amount, usually $1,000.

(Equality), noun

• aequalis
• aequus
• balance
• equal footing
• equal value
• equal worth
• equality
• equalness
• equipollence
• equivalence
• evenness
• identicalness
• identity
• interchangeableness
• likeness
• sameness
• similarity Associated Concepts: above par value
• at par value
• par value of stock

(Face amount), noun

• amount
• appraisal
• appraisement
• evaluation
• face value
• market price
• price
• rate
• valuation
• value
• value in exchange
• worth

Browse or run a search for Par in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Par in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Par in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Par in the Legal Abbreviations and Acronyms Dictionary.

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This definition of Par is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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Par in the Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims

Latin. Equal; alike.

Note: This legal definition of Par in the Dictionary of Law (English and American Jurisprudence) is from 1893.

Par Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Par in a way that is easy for anybody to understand: Equal to the nominal or face value of a SECURITY.

Concept of Par in the context of Real Property

Alternatives definitions of Par: (1) Average, equal, normal, etc. (2) Face value, as in negotiable instruments.

Concept of Par in the context of Real Property

Alternatives definitions of Par: (1) Average, equal, normal, etc. (2) Face value, as in negotiable instruments.

Concept of “Par”

Traditional meaning of par in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) Equal. Pares: peers. The freeholders of a neighborhood. Pares curiae: the tenants of a manor in attendance on the court; see 2nd Book (“The Rights of Things”), Blackstone’s Commentaries on the Laws of England 54. Pares de yicineto: the freeholders of the neighbor- hood; the venue. Pares regni: peers of the realm.

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Notes and References

1. Based on A Concise Law Dictionary of Words, Phrases and Maxims, “Par”, Boston: Little, Brown, and Company, 1911, United States. It is also called the Stimson’s Law dictionary. This term and/or definition may be absolete.

See Also

Concept of “Par”

Traditional meaning of par in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) Equal; like; see 57 Ga. 324; 22 Pa. 479. Par in parem imperium non habet: an equal has no authority over an equal. Par delictum: equal guilt. Par oneri: equal to the burden, charge, or damage.

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Notes and References

1. Based on A Concise Law Dictionary of Words, Phrases and Maxims, “Par”, Boston: Little, Brown, and Company, 1911, United States. It is also called
   the Stimson’s Law dictionary. This term and/or definition may be absolete.

See Also

Par