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
Official Action / Intent
The evidence of official intent of the Issuer (or the conduit borrower if it is a 501(c)(3) organization) to reimburse expenditures with proceeds of the bonds.