NAC706.630. “Premium” defined.  


Latest version.
  • “Premium,” as applied to the securities issued or assumed by the company, means the excess of the cash value of the consideration received from their sale over the sum of their par (the stated value of no-par stocks) or face value and interest or dividends accrued at the date of sale.

     [Taxicab Auth., Uniform System of Accounts Reg. Definitions § 25, eff. 12-24-70]