What does come to par mean?

"Come to par" is a phrase that's often used in the context of finance and investments, but it can also have a more general meaning. Here's a breakdown:

Financial Meaning:

* Par value is the face value of a bond or stock, which is the original price it was issued at.

* Come to par means that a security's market price has risen to its par value. This usually happens when the interest rates in the market decline, making the bond's fixed interest payments more attractive.

General Meaning:

* Come to par can also mean to reach a level of equality or equivalence. This implies that something previously considered inferior or unequal has now achieved a similar standard.

Examples:

* Financial: "The company's bonds came to par after the Fed cut interest rates."

* General: "The team's performance came to par after the new coach arrived."

Important Note: While "come to par" is a common phrase in finance, it's not as widely used in general conversation. In everyday speech, it's more common to use phrases like "catch up" or "reach the same level" to express similar ideas.