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Simple English definitions for legal terms

bond premium

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A quick definition of bond premium:

A bond premium is an extra amount of money paid for a bond that is higher than its face value. It is the opposite of a bond discount. This premium is paid because the bond has a higher interest rate than the current market rate, making it more valuable. It is like paying extra for a toy that is in high demand. The bond premium is added to the face value of the bond to determine the total amount that will be paid back to the bondholder at maturity.

A more thorough explanation:

A bond premium is the amount by which a bond's market value exceeds its face value. For example, if a bond has a face value of $1000 but is trading in the market for $1100, then the bond premium is $100. This premium is paid by the bond buyer to the bond issuer and represents the additional amount the buyer is willing to pay for the bond's higher interest rate or other favorable terms.

Another example of a premium is an insurance premium, which is the periodic payment required to keep an insurance policy in effect. For instance, if you pay $1000 per year for car insurance, then that is your insurance premium.

bondman | bond rating

General

General chat about the legal profession.

General >T14 Off Topic

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choosingpeace

15:36

don't do that

lilypadfrog

15:36

I would mark just that you withdrew it

ImpartialLion

15:36

o shi ok

ImpartialLion

15:37

it just feels like I left before the WL or R, feels fake as hell. I guess I'll put withdraw on it

choosingpeace

15:37

anyone been to the city of philly plzzz tell me what ur experience was like

cumsock

15:37

@choosingpeace: Philly doesn’t stink whoever said that is dumb

cumsock

15:38

It’s the 6th biggest city in the country there is plenty to do and eat and so on and so forth of course it has bad areas but so does every city

windyMagician

15:38

why would you withdraw girl

sadpadresfan

15:38

@ImpartialLion: nah cuz there’s no way of knowing if they would’ve sent u an II later on

sadpadresfan

15:38

Isn’t uchicago like Top 4 tho

choosingpeace

15:38

@cumsock: they said there's like nothing to do there lol

choosingpeace

15:38

ive never been so i was just like ohhh

texaslawhopefully

15:38

UChicago is number one

windyMagician

15:39

^ period

ImpartialLion

15:39

u know it was a double thing. I missed II and my gf didn't want to live in the midwest anymore

sadpadresfan

15:39

But it’s fucking uchicago thooo LOL

sadpadresfan

15:39

I

sadpadresfan

15:40

Makes sense tho

cumsock

15:40

@choosingpeace: there’s plenty to do in Philly 😂 it’s a giant city

ImpartialLion

15:40

So after missing the II, I was like whatever. Maybe it's a sign to withdraw

windyMagician

15:40

nah making decisions off the gf is out of pocket

ImpartialLion

15:40

nahhhhh we been together since 10th grade

texaslawhopefully

15:40

I guess it depends what your goals are. If it's generic biglaw, CLS will get you the same outcome

ImpartialLion

15:40

6 yrs on January 30th

lilypadfrog

15:40

awwww <3 i love love

ImpartialLion

15:41

I also like CLS for liberal clerking. approx 41 FCOA clerks per yr

ImpartialLion

15:41

It's there if I excel. if not then I'm chill with sticking to BL

texaslawhopefully

15:41

CLS is not even close to Chicago for clerking lmao

choosingpeace

15:41

wait would yall pick CLS or penn?

windyMagician

15:42

I didn't apply to either but I would pick penn

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