Unamortized Bond Premiums financial definition of Unamortized Bond Premiums
unamortized bond premium (redirected from Unamortized Bond Premiums)
Unamortized Bond Premium
The difference between the face value
of a bond
and the price
above face value at which it is issued
, less any interest
that has already been amortized
of original discount bonds are required to keep a record of the unamortized bond premium.
unamortized bond premium
When a bond is originally sold at a premium to par value, the difference between the par value and the proceeds from selling the bond that has not yet been subtracted from interest expense.
References in periodicals archive
In fiscal 2017, NGHS has approximately $1 billion in long-term debt outstanding, which includes approximately $10 million in capitalized leases and $52 million of unamortized bond premiums
. NGHS's debt profile consists of approximately 67% underlying fixed-rate bonds and 33% underlying variable-rate bonds.