In financial statements, represents the excess of face value of a bond issue over the net amount received therefor by the issuing corporation. This discount usually is amortized over the life of the bonds. In popular investment parlance, represents the excess of the face value of a bond over its current market price. A bond “selling at a discount” is one selling at a price less than 100, or par. Conversely, ft bond selling at | premium” is at a price above par.