The excess of a bond's issue price over its face value is known as the:

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The excess of a bond's issue price over its face value is known as a premium. This occurs when a bond is issued at a higher price than its face value, often because the bond's stated coupon rate is higher than the market rate. The premium is recorded as a liability on the issuer's balance sheet and is amortized over the life of the bond, reducing the bond's carrying value over time.

The Excess of a Bond's Issue Price Over Its Face