The fact that the Illuminati did not require a belief in a supreme being made them particularly popular amongst atheists. This, and the fact that most members were humanists, is the reason for the widespread belief that the Illuminati wants to overthrow organized religion. Internal panic over the succession of a new leader, and government attempts to outlaw the group saw to it collapsing entirely in the late 1700s.
par bond definition, meaning, what is par bond: a bond that is sold at the value that it had when it was first sold: . Learn more.
Par is also known as the face value of a bond, this is the amount a bondholder receives when the bond matures. If interest rates rise higher than the bondâs rate, the bond will trade at a discount, or below par; if rates fall below the bondâs rate, it will trade at a premium, or above par. Duration is a measure of a bond priceâs sensitivity to a change in interest rates, measured in years. Bonds with longer durations are more sensitive to interest rate changes. If youâre in a bond with a duration of 10 years and rates rise 1%, youâll see a 10% decline in the bondâs price.