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.
Bonds, Selling Before Maturity. Investors who hold a bond to maturity (when it becomes due) get back the face value or par value of the bond. But investors who sell a bond before it matures may get a far different amount. For example, if interest rates have risen since the bond was purchased, the bondholder may have to sell at a discountâbelow par. But if interest rates have fallen, the bondholder may be able to sell at a premium above par.