unamortized bond premium

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.
References in periodicals archive ?
Pro forma long-term debt ($3.9 billion) includes revenue bonds, outstanding draws on bank lines of credit, unamortized bond premium and a conservative amount of potential additional net debt.
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.