What do you mean by PAR?

the number of strokes a first-class player should normally require for a particular hole or course.

This is the meaning of par

The term at par means at face value. A bond, preferred stock, or other debt instruments may trade at par, below par, or above par. Par value is static, unlike market value, which fluctuates with market demand and interest rate fluctuations. The par value is assigned at the time the security is issued

Explanation:

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