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See also: term
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' When See also: stocks, shares, &c., are purchasable at the price originally paid for them or at their nominal or face value they are said to be at See also: par
.
When the See also: purchase price is higher than the face value, they are above par, or at a premium; when below face value, they are below par, or at a See also: discount
.
Par of See also: exchange is the amount of See also: money in the currency of one country which is See also: equivalent to the same amount in the terms of another, both currencies being of the same See also: metal and of a fixed See also: standard.of See also: weight and purity
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