If purchased at par, at the par value; if purchased above or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield in... Laws of the State of New York - Page 605by New York (State) - 1935Full view - About this book
| Charles Kelley Knight - 1926 - 452 pages
...purchased at par, the par value may be reported; if purchased above or below par, the value reported may be the purchase price, ' ' adjusted so as to bring the...effective rate of interest at which the purchase was made. ' ' The purchase price cannot be taken at a higher figure than the actual market price at the time... | |
| California - 1927 - 690 pages
...to principal or interest, may in the discretion of the insurance commissioner, be valued as follows: If purchased at par at the par value; if purchased...bring the value to par at maturity and so as to yield the effective rate of interest at which the purchase was made; provided, that the purchase price shall... | |
| Kansas - 1927 - 684 pages
...this state may, if amply secured and not in default as to principal or interest, be valued as follows: If purchased at par, at the par value ; if purchased...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase Was made: Provided, That the purchase... | |
| Wisconsin - 1933 - 1358 pages
...if amply secured and not in default as to principal * * * or interest or both, be valued as follows: If purchased at par, at the par value; if purchased...adjusted so as to bring the value to par at maturity and ^o as to yield in the meantime the effective rate of interest at which the purchase was made ; provided... | |
| 1923 - 872 pages
...evidences of debt, having a fixed term and rate, held *>y any insurance company, may be valued ae follows : If purchased above or below par. on the basis of the purchase price, adjusted so as to THE ROYAL TRUST COMPANY MONTREAL is exceptionally well equipped to act in any fiduciary capacity for... | |
| Bar Association of Arkansas - 1928 - 662 pages
...amply secured, and not in default as to principal and interest, the value is determined as follows: If purchased at par, at the par value; if purchased...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made; provided, that the purchase... | |
| United States. Congress. Senate. Committee on the Judiciary - 1971 - 802 pages
...or interest according to the following rules: — (a) If purchased at par, at the par value; or (b) If purchased above or below par, on the basis of the...effective rate of interest at which the purchase was made; but the purchase price shall in no case be taken at a higher figure than the actual market value at... | |
| Illinois - 1927 - 996 pages
...State may, if amply \ secured and not in default as to principal or interest, be valued as ^follows : If purchased at par, at the par value; if purchased...bring the value to par at maturity and so as to yield in the meantime the effective rate of interest at which the purchase was made; provided, that the purchase... | |
| United States. Congress. Senate. Committee on Small Business - 1982 - 562 pages
...the par value. If the bonds were purchased above or below par, the amortized value should represent the purchase price, adjusted so as to bring the value to par at maturity and so as to yield, in the meantime, the effective rate of interest at which the purchase was made. (b) Bonds which are... | |
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