Above par
.A 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.”
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Entry taken from Dictionary of Phrase and Fable, edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.