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

Par Value

The stated or face amount of a bond.

Hudson Yards Rail Yards

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Supplemental Indenture

A supplement to an outstanding indenture, entered into pursuant to the terms of an outstanding indenture and delivered in connection with the issuance of additional bonds, to cure an inconsistency or formal defect in the Indenture or to amend the indenture in some manner.