Par Value
The stated or face amount of a bond.
bond-basics
Premium
The amount, if any, by which the price paid by the purchaser of a Bond exceeds the Par Value of the Bond. For example, if a $5,000 Bond is purchased for $5,500, there is a $500 Premium.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Special Tax Bond
Tax-based revenue bonds that are secured by revenues derived from one or more designated taxes levied for a specific purpose, including income taxes, excise taxes (such as taxes on tobacco, alcoholic beverages, fuel, etc.), special assessments, hotel occupancy taxes, sales taxes and limited ad valorem taxes.