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.
It is calculated as a bond's annual coupon divided by its current price. Together with coupon rate and yield to maturity it is an important but simple measure of return on a bond. Company Z's 20-year $1,000 par bonds have a price of $970 and annual coupon rate of 9%.