The Law Dictionary

Law Dictionary

P

PAR

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In commercial law.' Equal; equality. An equality subsisting between the nominal or face value of a bill of exchange, share of stock, etc., and its actual selling value. When the values are thus equal, the instrument or share is said to be "at par;" if it can be sold for more than its nominal worth, it is "above par;" if for less, it is "below par." tt Edward v. Fish, 156 N. Y. … [Read more...] about PAR

PAIS, PAYS

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Fr. The country; the neighborhood. A trial per pais signifies a trial by the country; that is, by jury. An assurance by matter in pais is an assurance transacted between two or more private persons "In the country;" that is, upon the very spot to be transferred. Matter in pais signifies matter of fact, probably because matters of fact are triable by the country; i e.t by jury; … [Read more...] about PAIS, PAYS

PANDER

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To appease the interests of a potential purchaser without care for moral principles. Also used to refer to the solicitation of customers for the services of a prostitute; a pimp. … [Read more...] about PANDER

PAR (LATIN)

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Lat. Equal. Par delictum. Equal guilt. "This is not a case of par delictum. It is oppression on one side and submission on the other. It never can be predicated as par delictum when one holds the rod and the other bows to it" 6 Maule … [Read more...] about PAR (LATIN)