Some go so far as to say that if a bond is insured and bondholders receive back the par value, no default has taken place, just an unscheduled call.
FORBES: Even If A Bond Doesn't Default, You Can Still Lose Your Money
As Asiaweek went to press on Dec. 3, no ma-jor party in Par-liament had cobbled together an alternative coalition, and fresh general elections were looking increasingly likely.
Defending champion Charl Schwartzel of South Africa opened with a level par 72 while world No. 1 Luke Donald finished with a disappointing 75, the same mark as three-time champion Phil Mickelson.
Even on long par-four holes like No. 5, playing at 501 today, and No. 6, playing at 485 yards, he hit irons off the tee.
Starting the day six strokes clear, the world No. 2 carded a level-par 72 in his final round to finish ahead of defending champion Brandt Snedeker and Josh Teater, who were both 10-under.
The world No.1 finished on three-under par, four shots off the lead, but began his day not knowing whether he'd be competing at all over the weekend following a rule violation at the par five 15th during Friday's second round.
CNN: Cabrera, Snedeker lead Masters heading into final round
But tellingly, he scored the same on both nines, two birdies and no bogeys, for a four-under-par total.
The World No.1 hit his third shot onto the par-five 15th only for it to hit the stick and rebound into the pond.
At 3.97 pounds with no optical drive, it's right on par with similarly equipped machines, like that HP TouchSmart we just told you about.
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No longer do gamers have to settle for sub-par performance because of a limited budget thanks to the Marauder's ground-breaking price.
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But Bush has no plans to make electoral reform a signature issue on par with education reform or tax cuts, a White House official said.
Appointing a curator with no executive experience to lead an encyclopedic museum on a par with the Metropolitan Museum and the National Gallery is unusual.
The world No.12 carded a torrid seven-over-par 79 on day one at the Muirfield Village Golf Club, his highest score in 43 rounds at the venue.
The playoff format was changed for this year, with the plan to play No. 18 three times, then move to the par-4 16th, where Shin finally won last year, but Kerr made sure the huge gallery that lined the closing fairway got to see it end.
And no one disputes that West Bengal has suffered deindustrialisation on a par with the likes of Detroit.
At present, we can have no guarantee that the sales of these bonds will occur at par value.
Meanwhile, at the Indonesian Open, world No. 3 Lee Westwood shot a four-under-par 68 to extend his lead over the rest of the field to five shots.
Tiger Woods followed up his opening par 72 round with a five-under par 67 to tie for 16th, while new world No.1 Rory McIlroy also improved on his opening round (73) finishing strongly to post a three-under par 69.
Saints coach Mick Potter had no complaints over the result, pointing to a series of below-par performances by his side in the build-up to the match.
World No.1 Rory McIlroy is currently tied for 30th on three-under par with England's Lee Westwood.
Perhaps Luke Donald, the world's No. 1-ranked player, who followed his nine-over-par 79 in the first round with a 72 in the second to miss the expected cut.
Bear in mind that if you buy a five-year Treasury at par you are guaranteed to get your principal back in 2007, no matter what the price fluctuation might be in the meantime.
After righting his ship in 2011 and finishing the season strong to become New York's No. 2 starter in the playoffs, Nova scuffled through a sub-par 2012, where the Yankee brass often said he was losing focus.
No fewer than 64 CPPCC delegates argued that such firms should be put on a par with their state-owned counterparts.
Small-cap growth guru Jim Oberweis of the Oberweis Report and Oberweis mutual funds thinks the second-half pick-up is no macroeconomic head fake, but he is letting go of stocks with sub-par growth prospects.
World No. 31 Rickie Fowler finished on eight under after a stunning six-under-par 67.
Despite just such a happening on Friday, the world's No. 2 golfer matched the low round of the day with a 5-under par 67 and moved within three shots of leader Billy Horschel, continuing his last-minute preparations for next week's Masters.
World No.2 Rory McIlroy endured a disappointing day, finishing the day on two-over par following his round of 74.
After Jeong pulled within three holes on No. 14, the 21-year-old Korean hit his approach shot on the par-4 15th hole to within eight feet of the pin.
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