If you or a loved one is struggling with substance use disorder, you don’t have to go through it alone. Our all-inclusive recovery treatment options provide hope and healing to create a life you love. Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Take your learning and productivity to the next level with our Premium Templates.
PAR North America is the leading nationwide provider of vehicle transition services including recovery management, skip tracing, compliance, remarketing and title services. PAR leverages its corporate family connections under the OPENLANE (formerly KAR Global) umbrella to provide unique end-to-end solutions to our 400+ clients. PAR has a distinct advantage over our competition due to our strategic partnerships within OPENLANE and our affiliations with numerous technology sources and service providers. Par value assumes little or no importance in equity markets because it does not necessarily affect the price of the stock itself.
- The preference for “on par” versus “on a par” can also differ across regions and cultures.
- The choice between using “on par” and “on a par” boils down to language efficiency, context, and regional differences.
- Nevertheless, the par values for preferred stocks can be higher, as they are also used to estimate dividends.
- The phrase “on par” draws its etymological roots from the realm of finance and sports.
- PAR leverages its corporate family connections under the OPENLANE (formerly KAR Global) umbrella to provide unique end-to-end solutions to our 400+ clients.
- This concept is crucial in understanding the pricing and valuation of financial securities, ensuring clarity in transactions and investments.
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Owing to regular changes in interest rates, bonds and other financial securities often do not really trade at their par values. For example, a bond may not sell at par if the prevailing interest rate is higher or lower than the coupon rate of the bond. Another example could be, “The new restaurant’s prices are on par with those of its competitors.” Here, the phrase is effectively used to indicate that the pricing is comparable to what other similar establishments are offering. When using “on par,” just ensure that the context allows for a clear comparison to be made to maintain the intended meaning.
Our field teams are members of the International Brotherhood of Electrical Workers (IBEW). This strong IBEW presence allows us to provide clients with uniquely trained, experienced, and safety-oriented project personnel. We work with you to create a personalized recovery plan tailored to help you enjoy a healthier lifestyle and live a life of independence.
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Importance in Finance and Investments
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For instance, you might say, “Our sales figures are on par with the industry average,” indicating that the performance meets the expected standard within that sector. The phrase “on par” is the more commonly used form in contemporary English. Linguists and grammarians often consider it the standard expression for denoting equality. In the world of business and professionalism, “on par” may be more readily accepted, as tends to convey a directness that is highly valued.
Idioms and Phrases
Understanding these regional variations is important, especially for international communications. Adopting the appropriate phrase for the context can enhance clarity and convey respect for cultural differences. We place the highest importance on the safety and health of our teams. Everyone is accountable for safety just as they are accountable for completing projects successfully.
Cultural and Regional Usage
In 2024, our 501(c)3 rebranded and changed names to the PAR ID/A Foundation. Today, PAR is the largest and most active association of intellectual disability and autism service providers in Pennsylvania. Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms. Consider a bond with a face value of $100 and a maturity of five years.
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This is the meaning, I would speculate, that became used in golf circa 1898. However, while synonyms can enhance your vocabulary, it’s essential to choose the most appropriate term based on context. For instance, “comparable” might be more fitting when discussing two entities that are similar but not identical, while “equal” emphasizes a complete equivalence. Knowing when to use each synonym can substantially improve your precision in communication. By leveraging this understanding, you can communicate more effectively, whether in professional, casual, or literary settings. Embrace both forms and use them as tools to express nuances in your language beautifully, while always prioritizing clarity and coherence.
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- A stock’s par value is usually $0.01 per share and is set out in the articles of incorporation of the issuer.
- Clients rely on PAR daily to complete all types of electrical construction projects.
- Questions that can be answered using commonly-available references are off-topic.
- In American English, “on par” has gained more prominence, whereas some British English contexts might still use “on a par” more liberally.
Boost your confidence and master accounting skills effortlessly with CFI’s expert-led courses! Choose CFI for unparalleled industry expertise and hands-on learning that prepares you for real-world success. Whenever the price of the bond is set below the par value, the bond is deemed to be “discounted” or trading at a discount; when the price of the bond is above the par value, the bond is considered to be trading at a premium. 🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard ‘Genie definitions’ below, with guidance on which documents and which industry to use for each.
How does the interest rate affect whether a bond trades at par?
A stock’s par value is usually $0.01 per share and is set out in the articles of incorporation of the issuer. Nevertheless, the par values for preferred stocks can be higher, as they at par meaning in english are also used to estimate dividends. A bond that is trading at its par value normally comes with a market interest rate that is equivalent to its assigned coupon rate. Investors of the bond, in turn, anticipate a return equal to the coupon for the cost of borrowing to the bond issuer.
Many individuals mistakenly use these phrases interchangeably or even inversely. Understanding the relative frequency and preferred contexts of “on par” and “on a par” can prevent common errors in both speech and writing. In the context of golf, “par” refers to the standard number of strokes that an expert golfer is expected to need to finish a hole or an entire course. Consequently, when someone states they are “on par,” they suggest their performance is on track with professional standards. Generally, when discussing something that meets expectations, “on par” is the preferred phrase. Using “on a par” may lead to confusion, as it strays from the established idiomatic usage that most English speakers are familiar with.
