Over time, the bond’s price will change, due to changes in interest rates, credit ratings, and time to maturity. When this happens, a bond’s price will either be above its par value (above par) or below its par value (below accounting definition par). Punctuation and syntax are your allies in ensuring “on a par” integrates smoothly into your writing.

Ways to Use Sourdough Starter Pizza Dough

Today, the third is set up as a drivable par 4 on one or more days of the Masters by moving the tees forward, often on Sundays and in combination with the diabolical left-side hole location. Most competitors attempt to hit their drives as close to the green as possible, with drives generally ending up in the hollow below the left side of the green where they trust their short games to get up and down for birdies. But putts and chips from above the usual Sunday hole location are among the fastest and scariest on the course. As the land around the green cants away on the left, the right-front of the putting surface, nearly level with that side of the fairway, was accessible via the ground using the slope on the right for help. But anything that missed short for left-side hole locations would tumble into the valley 10 to 12 feet below the putting surface, leaving tenuous blind pitches back up to the hole. The SEC in Florida investigated and litigated the civil securities fraud charges, which formed the basis of a portion of the criminal prosecution.

The green changes in shape but not substance

Tools like online thesaurus entries and browser searches provide synonyms such as “equal to” or “comparable with,” enhancing understanding of its application. Whether consulting a dictionary or exploring examples in linguistic platforms, the phrase continues to hold significant relevance in describing parity across diverse domains. Analyzing sentences from various sources—be it a venerable print journal or a bustling online news portal—reveals “on a par” in action, gracefully serving its role as an equilibrium keeper. Whether journalists are comparing economic trends or tech reviewers are weighing gadgets against each other, sentences structured with this phrase provide readers with clear, concise comparisons, helping them digest complex information.

The PGA of America is made up of more than 30,000 PGA of America Golf Professionals who love the game, are expert coaches, operators and business leaders, and work daily to drive interest, participation and inclusion in the sport. We’re doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we’ll take care of it shortly. Literature and media often employ “on a par” as a narrative device, illuminating characters or situations with balance and relatability. Authors use it to draw parallels between protagonists and everyday heroes or to set the stage for equitable rivalries. In films and TV shows, a character might remark on another’s skills being on a par with a legend, neatly weaving the fabric of the story with threads of comparison and respect.

Par value is static, unlike market value, which fluctuates with credit ratings, time to maturity, and interest rate fluctuations. When securities were issued in paper form, the par value was printed on the face of the security, hence the term “face value.” This sourdough pizza dough recipe is easy to handle, flavorful, and perfect for homemade pizza night. Includes tested US and metric measurements plus tips for freezing and baking. IRS-CI is the criminal investigative arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money-laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a 90% federal conviction rate.

  • It suggests that two or more elements hold the same rank or position when measured against each other.
  • Investors expect a return equal to the coupon for the risk of lending to the bond issuer.
  • Commas usually come into play when “on a par” is part of a nonrestrictive clause—think of them as polite ushers guiding the reader through your sentence.
  • For stocks that do have a par value, it is declared on the company’s corporate charter as well as the Shareholders’ Equity portion of the company’s balance sheet.
  • Whether consulting a dictionary or exploring examples in linguistic platforms, the phrase continues to hold significant relevance in describing parity across diverse domains.
  • If prevailing yields are lower, say 3%, an investor is willing to pay more than par for that 5% bond.
  • For example, if a bond’s yield is higher than market rates, then a bond will trade at a premium.

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Bond investors typically calculate a few different rates of returns to compare individual bonds. Yield-to-maturity (YTM), yield-to-call (YTC) and yield-to-worst (YTW) are all calculations to help bond investors determine the rate of return they’d earn from holding the bond. For example, if a 3% coupon bond is issued when interest rates are 3%, the bond will trade at par value. However, if interest rates fall to 2%, the value of the bond will rise, causing it to trade at a premium because the bond will be more attractive than bonds issued with a 2% coupon rate. The coupon rate of a bond is the stated amount of interest that the bond will pay an investor at the time of its issue. A bond’s yield is its effective rate of return when the bond’s price changes.

  • James LaForte admitted that, in threatening one particular Par Funding customer, he told the customer that he must repay the company immediately because James LaForte was not to be messed with and had previously torched people’s cars and kicked people’s teeth in.
  • From speedy dinners to tasty desserts, with easy step-by-step instructions.
  • The SEC in Florida investigated and litigated the civil securities fraud charges, which formed the basis of a portion of the criminal prosecution.
  • A quote of 90 would mean the market price of the bond is 90% of its par value.
  • Par value is crucial in understanding bond valuation and fixed income trading because regardless of the price paid to own a bond, issuers pay back only the par value, also known as the principal investment.

This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. The Masters officials are aware of how tempting this hole can be and play into competitors’ desires by moving the tees and hole locations around in different combinations that create significantly different—and tempting—holes on different days of the tournament. The PGA of America is one of the world’s largest sports organizations, composed of PGA of America Golf Professionals who work daily to grow interest and participation in the game of golf. Barleta pleaded guilty in October 2024 to one count of racketeering conspiracy and is scheduled to be sentenced on June 2, 2025.

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Phrases like “comparable to” might imply a broader range of similarity rather than a precise match. “Up to par” swings the focus towards meeting a standard, often without suggesting a direct equivalence. And then there’s the more casual “in the same ballpark,” conjuring an image of rough equivalence without the granular detail. Each phrase dances around the same maypole of comparison, albeit with their unique steps and rhythms.

Typically, the phrase isn’t hyphenated unless used as a compound adjective (e.g., a on-a-par performance). Commas usually come into play when “on a par” is part of a nonrestrictive clause—think of them as polite ushers guiding the reader through your sentence. Syntax-wise, ensure that the components being compared are parallel for the equivalence to resonate with clarity.

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In formal settings, “on a par” retains a sophisticated air, fitting seamlessly into academic discourse or high-stakes business meetings. It lends a tone of precision and objectivity, whether you’re evaluating research outcomes or financial performances. Contrarily, in casual banter, it rolls off the tongue with ease, perfect for comparing favorite pizza joints or gaming skills. Despite the context, the phrase maintains its essence—it’s the dress code that changes, not the guest of honor.

Par value differs from the market value which fluctuates for bonds based on market interest rates, time to maturity date, company news and credit ratings. Both par value and the bond’s coupon rate remain the same for the entire life of the bond. If a company issues a bond with a 5% coupon, but prevailing yields for similar bonds are 10%, investors will pay less than par for the bond to compensate for the difference in rates. The bond’s value at its maturity plus its yield up to that time must be at least 10% to attract a buyer.

Understanding ‘At Par’: Meaning, Usage, and Its Significance in Everyday Contexts

At the bond’s maturity date, every bondholder will receive the par value, regardless of if they purchased it at a discount or premium. The phrase ‘at par’ is correct and commonly used in financial contexts to mean at the nominal or face value of something. The phrase ‘on par’ is correct and commonly used in English to indicate being equal or equivalent to something. Stack Exchange network consists of 183 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. Here at The Fresh Cooky you will find easy, mostly from-scratch, trusted recipes for all occasions.

If the dough was frozen, thaw overnight in the fridge, then bring to room temp. I usually make two small pizzas for dinner (ideal for smaller families like mine) and use the remaining dough to prep homemade frozen pizzas for later. It’s a great way to stretch one batch into multiple meals—and I’ll walk you through every step below.

Bonds trade at premiums when its stated interest rate is greater than the market rate (and therefore the bond’s coupon rate). Shape your pizza dough to your desired size, then bake using your preferred method (I love using a pizza steel) for 5-6 minutes until the dough is bubbling but still pale with just a hint of golden brown. If just storing crusts, wrap well in foil or plastic, then store in freezer baggies.

YTM is most common, it accounts for the market value of the bond and the present value of the bond’s future interest payments. YTC makes the assumption that the bond will be called before its maturity date, therefore changing the cash flow from interest payments. YTW is used when a bond has multiple options — either to be held to maturity or held until called by the issuer — and uses the lower of the two options.

If you are writing for someone in the States, “on par with” is the best choice. But it looks like it is used more across the pond in the beautiful British Isles. However, if you are writing an academic piece, I’d avoid it altogether and use “at the same level”. All content on this website, including dictionary, thesaurus, literature, bizfilings share amendment filing service geography, and other reference data is for informational purposes only.

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Bonds are debt instruments, meaning bond issuers promise to repay bondholders a certain amount of money at a determined maturity date. The amount cfo vs finance controller: whom does your saas business need of money paid to bondholders at maturity is the bond’s par value. A bond’s par value is its face value, the price that it was issued at.