Par Legal Terminologyadmin
Traditional meaning of par in English (with legal use of this Latin concept in England and the United States in the nineteenth century) : (in Latin) idem. Pares: Peers. The free owners of a neighborhood. Pares curiae: tenants of a manor house who are present on the farm; see Book 2 (“The Rights of Things”), Blackstone`s Commentaries on the Laws of England 54. the place. Pares regni: Peers of the Reiches. in commercial law. » Equal; Equality. The equality between the nominal or nominal value of a bill of exchange, share of shares, etc. and its actual sale value. Thus, if the values are equal, the instrument or action is called “au par”; If it can be sold at a price above its face value, it is “above face value”, if it is “below face value”, it is “below face value”. tt Edward v.
Fisch, 156 N. Y. 363, 50 N. E. 973; Evans v. Tillman, 38 pp. C. 238, 17 p. E. 49. In commercial law.
The exact equality or equivalence of a particular sum or sum of money in the coin of one country and the same sum or sum of money in the coin of another foreign country in which it is to be exchanged, provided that the currency of that country has the exact weight and purity determined by the currency standard of that country. Geschichte, Rechnungen, 4 30. Murphy v. Kastner, 50 N. J. Gl. 220, 24 Atl. 564; Blue Star S.
S. Co. v. Keyser (D.C.) 81 Fed. 510. The nominal value of the currencies of two countries means the equivalence of a certain amount of the currency of one in the currency of the other, provided that the currency of both has the exact weight and purity determined by their respective currencies. Trade between the two countries should be on an equal footing when invoices are negotiated on this basis; t. if an invoice for 100 euros drawn up in London is sold in Paris for 2,520 Frs., and vice versa. Bowen, Pol. Econ.
284. PARA. It is used to designate a state of equality or equal value. Bills of exchange, shares and the like are equivalent if sold at nominal value; above or below par if sold more or less. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary. The New York State Society of Certified Public Accountants provides the following definition of peer in a way that is easy for everyone to understand: equal to the face or face value of a security. In commercial law. Equal; Equality.
The equality between the nominal or nominal value of a bill of exchange, share of shares, etc. and its actual sale value. Thus, if the values are equal, the instrument or action is called “au par”; If it can be sold at a price above its face value, it is “above face value”, if it is “below face value”, it is “below face value”. Fort Edward v. Fisch, 156 N. vol. 363, 50 N. E. 973; Evans v. Tillman, 38 pp. C. 238, 17 p.
E. 49. n. 1). (2) the par value of a share or bond printed on the certificate, i.e. the amount paid by the original purchaser to the issuing company. However, most common shares are issued at “par value” and the value reflects the current stock market. Preferred shares indicate a par value on the basis of which dividends are calculated, and the par value of bonds determines the final amount of payment at maturity, usually many years into the future.
(See: shares, common shares, preferred shares) The term even refers to an equality that exists between the nominal or nominal value of a document – such as a bill of exchange or a share – and its actual sales value. If the values are equal, the proportion is called by; If it can be sold at a price higher than its face value, it is higher than its face value; If it sells for less than its face value, it is lower than its face value. Alternative definitions of para: (1) average, equal, normal, etc. (2) nominal value, as for negotiable instruments. (ex par-tay, but popularly ex part) Latin adj. means “for a party” and refers to petitions, hearings or orders made at the request and for the benefit of a single party. This is an exception to the fundamental rule of judicial proceedings that both parties must be present at every hearing before a judge, and to the otherwise strict rule that a lawyer may not notify a judge without first notifying the objection. Ex parte cases are usually injunctions (such as an injunction or pre-trial detention) awaiting a formal hearing or an urgent request for an extension. Most jurisdictions require at least a cautious attempt to contact the other party`s lawyer about the date and location of an ex parte hearing.