Let μ ∈ { ∞ , c, c 0 }. In this study, by using lambda matrix Λ and difference matrix B, we introduce the new nonabsolute type paranormed sequence space μ(λ , B; p) and prove that μ(λ , B; p) and μ(p) linearly isomorphic. Further, we give some inclusion relations concerning the space μ(λ , B; p). Afterwards, we determine the alpha-, beta-and gamma-duals of the space μ(λ , p; B). We also give the characterization of the classes (μ(λ , B; p) : ν) and (ν : μ(λ , B; p)), where ν is any given sequence space. Moreover, we introduce the Λ-core of a complex valued sequence and determine the necessary and sufficient conditions on a matrix A for which Λ − core(Ax) ⊆ K − core(x) and Λ − core(Ax) ⊆ st − core(x) for all x ∈ ∞ .