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.
In general, par value (also known as par, nominal value or face value) refers to the amount at which a security is issued or can be redeemed. For example, a bond with a par value of $1,000 can be redeemed at maturity for $1,000. This is also important for fixed-income securities such as bonds or preferred shares because interest payments are based on a percentage of par. So, an 8% bond with a par value of $1,000 would pay $80 of interest in a year.