nominal par

noun

Finance.

1. par11b

Example Sentences

But there had been already a large dividend assigned to it, which with the dividend expected to be paid shortly, would amount to much more than the nominal par value of the stock.

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Thus the fluctuations, instead of being from 1 to 2 per cent. below, to 1 or 2 per cent. above the real par, are from 1 to 2 per cent. below, to 1 to 2 per cent. above 8 per cent. premium as it is called on the nominal par, or from 6 or 7 to 9 or 10 per cent. premium on the par.

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The difference between the real par, 4 shillings 2 pence, and the nominal par, 4 shillings 6 pence, is 4 pence or eight per cent.

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Now, supposing this to be the real, and not merely, as it is, the nominal, par of exchange between us and England, what would it prove?

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If a merchant here pay one hundred Spanish dollars for a bill on England, at nominal par, in sterling money, that is for a bill of £22 10s., the proceeds of this bill, when paid in England in the legal currency, will there purchase, at the present price of silver, one hundred and nine Spanish dollars.

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