Reference > Brewer’s Dictionary > Above par.

 Above-board.Above your hook—i.e., 
CONTENTS · BIBLIOGRAPHIC RECORD
E. Cobham Brewer 1810–1897. Dictionary of Phrase and Fable. 1898.
 
Above par.
 
A commercial term meaning that the article referred to is more than its nominal value. Thus, if you must give more than £100 for a £100 share in a bank company, a railway share, or other stock, we say the stock is “above par.”   1
   If, on the other hand, a nominal £100 worth can be bought for less than £100, we say the stock is “below par.”   2
   Figuratively, a person in low spirits or ill health says he is “below par.”   3
 


 Above-board.Above your hook—i.e., 

 
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