Below Par

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Below Par

About Below Par:

at a price below the face, or nominal, value of a security, especially a bond. Generally, the difference between the price paid and the amount received upon sale or maturity is taxed as a capital gain.

See also Capital Gain in the American Legal Encyclopedia and Capital Gain in the World Legal Encyclopedia.

Related Entries in the American Tax Encyclopedia:

  1. Fractional Share
  2. Bond Discount
  3. Premium Bond
  4. Spread
  5. Capital Gain Distribution
  6. Nonqualified Stock Option
  7. Deep-discount Bond
  8. Corporate Bond
  9. Gain
  10. Capital Gain Property
  11. Short-term Capital Gain
  12. Excess Accelerated Depreciation
  13. Inventory
  14. Foreclosure
  15. Fixing-up Expenses
  16. Return of Capital
  17. Business Property
  18. Investment Property
  19. Long-term Gain
  20. Selling Short
  21. Subdivided Real Property
  22. Principal Residence
  23. Ordinary Income Property
  24. Cancellation of A Lease
  25. Repossession

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