How is 'at Par' defined in a legal contract?
- At Par means without the obligation to pay any prepayment premium. Seen in 3 SEC filings
- At Par means a situation where an entity presenting an instrument, 'at par', for payment at a bank will receive full worth of money without any discount or charge by the bank. Seen in 1 SEC filing
- At Par means a facility provided by the bank to the customer free of charge. Seen in 1 SEC filing
- At Par means with respect to specific debentures, the obligatory value of such debentures includes principal, accrued and unpaid interest, linkage differentials if included in the terms of these Debentures, but without fines, arrears interest or any interest adjustments. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of at par' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- At Par means full payment received without obligation for additional charges or premiums.
Relevant Contract Types
Relevant Circumstances
- When a loan is being repaid without additional charges or penalties.
- When securities or bonds are purchased at their face value.
- Debt settlement or negotiation scenarios where the borrower can pay the lender the full amount without extra charges or premiums.
Relevant Sectors
Genie Definition 2
- At Par means a bank service provided to a customer at no cost.
Relevant Contract Types
Relevant Circumstances
- When a bank offers its services to customers without any service charge or fee.
- When stating the commitment of a bank to not charge for services in a customer agreement.
Relevant Sectors
At Par means full payment received without obligation for additional charges or premiums.
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