idioms Is “below par” good or bad? English Language & Usage Stack Exchange

The reason for a bond being issued at a price that is different than its par value has to do with current market interest rates. For example, if a bond’s yield is higher than market rates, then a bond will trade at a premium. Conversely, if a bond’s yield is below market rates, then it will trade at a discount to make it more attractive. Due to the constant fluctuations of interest rates, bonds and other financial instruments almost never trade exactly at par.

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Actually, I’m more familiar with people using “sub par” rather than “below par” to describe something as less than expected, etc. If we are to generalise and assume that most people would use an ascending scoring system of measurement such as percentages where 100% represents full marks, then below par would be considered a poor result. If we were talking about soccer, and par was the average number of goals that a team has scored in each of their games, then below par would be a poor result and above par would be a good result. From Old Norse par, from Middle Low German par, from Latin paria (“equals”), neuter plural of pār. Last night I was eating a cookie that wasn’t very good, happened to have the video camera running, and I used the idiom, let’s check it out. Connect and share knowledge within a single location that is structured and easy to search.

In contrast, when someone describes something as below par, it very often means “that was so bad it didn’t even meet the minimum requirements”. Borrowed from German Paar, from Latin par (“equal, like”). Teenager Luke Littler made it through to the fourth round of the PDC World Darts Championship despite a below par performance against Ian White. My guess is, if the use of an article seems inappropriate, that’s because you’re confusing on a par with with above par or up to par. If you are writing for someone in the States, “on par with” is the best choice.

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1. However, if you’re using it more formally, you will want to ensure you’re using it correctly.
2. Learn some of the idioms that relate to golf with the word ‘par’ in this video, shot with the help of my dad.
3. Investors expect a return equal to the coupon for the risk of lending to the bond issuer.
4. The par value of stock has no relation to market value and, as a concept, is somewhat archaic.