Above parA commercial term meaning that the article referred to is more than its nominal value. Thus, if you must give more than £100, for a £100 share in a bank company, a railway share, or other stock, we say the stock is “above par.” If, on the other hand, a nominal £100 worth can be bought for less than £100, we say the stock is “below par.” Figuratively, a person in low spirits or ill health says he is “below par.” Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894 More on Above par from Infoplease:
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