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The meaning of PAR is the established value of the monetary unit of one country expressed in terms of the monetary unit of another country using the same metal as the standard of value.

par. noun [ C ] abbreviation for paragraph (Definition of par from the Cambridge Academic Content Dictionary © Cambridge University Press)

1. an accepted level or standard, such as an average (esp in the phrase up to par) 2. a state of equality (esp in the phrase on a par with)

Definition of par noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

1. Equal to the standard; normal: a solid, par performance. 2. Of or relating to monetary face value.

an average or normal amount, degree, etc.:[uncountable] He doesn't look up to par these days; maybe he's tired. Sport [uncountable] the number of golf strokes set as a standard for a …

In finance and accounting, par value means stated value or face value of a financial instrument. Expressions derived from this term include at par (equal to par value), above par (greater than …

There are nine meanings listed in OED's entry for the noun par, three of which are labelled obsolete. See ‘Meaning & use’ for definitions, usage, and quotation evidence.

In golf, par is the average number of times an excellent player needs to hit the ball, either for one particular hole or for the entire course. You might describe the fourth hole, for example, as …