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. Issuers 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.