Definitions for "amortization of premium"
Keywords:  par, accreted, oid, offset, premium
Charges made against the interest received on a debt in order to offset a premium...
Charges made against the interest received on bonds in order to offset a premium paid for the bonds.
Amount paid over the face value of the bond. Taxable bond interest is reduced by the bond premium amortization amount each year until the bond matures.