bond premium
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 369 U.S. 672 - Hanover Bank v. Commissioner · 1962Most cited · 514 citing opinions
Bond premium is the amount a purchaser pays in buying a bond that exceeds the face or call value of the bond.
How often courts cite the cases defining “bond premium”
Court decisions citing the 2 opinions that defined “bond premium” — 634 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1950–1962
- ORIGINAL
Bond premium' in § 125 means any extra payment, regardless of the reason therefor, in accordance with the firmly established principle of tax law that the ordinary meaning of terms is persuasive of their statutory meaning.