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
Reissuance
The deemed new issuance of outstanding tax-exempt bonds for federal tax purposes under Section 1001 of the Code and Treasury Regulations Section 1.1001-3 as a result of certain changes to the terms of the tax-exempt bonds after original issuance of such tax-exempt bonds.