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.
In general, bond premium is the amount by which your basis in a debt instrument right after you acquire it is more than the total of all amounts payable on the debt instrument after you acquire it (other than payments of qualified stated interest). For more information about bond premium, see Pub. 550 and Pub.1212.