Regardless of an assisted living community's fee structure, when choosing a senior living residence, it is important to consider the quality of care, how the resident adapts to the new environment and the long-term affordability of the community.
When a bond is issued at a premium, that means that the bond is sold for an amount greater than the bond's face value. This generally means that the bond's contract rate is greater than the market rate.
Other types of bonds are sold at a discount to par in which case compounded interest payments cause the bond to reach its par value at maturity. In such instances, your bond will not reach its par value unless the bond issuer catches up on past due payments before the bond matures.