Par (bond) is the principal amount of the loan. While bonds were typically issued in $1, 000 denominations, the prices were quoted in percents of that denominations. For example, a bond priced at 105 meant $1, 050.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). Par (bond). Retrieved September 20, 2026, from http://smartdefine.org/par_(bond)/definitions/1160139 |
| Chicago | Barry Goldsmith. 2010. "Par (bond)" http://smartdefine.org/par_(bond)/definitions/1160139 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, Par (bond), Smart Define, viewed 20 September, 2026, <http://smartdefine.org/par_(bond)/definitions/1160139>. |
| MLA | Barry Goldsmith. "Par (bond)" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/par_(bond)/definitions/1160139> |