GAIN ON RETIREMENT OF BONDS
\ɡˈe͡ɪn ˌɒn ɹɪtˈa͡ɪ͡əmənt ɒv bˈɒndz], \ɡˈeɪn ˌɒn ɹɪtˈaɪəmənt ɒv bˈɒndz], \ɡ_ˈeɪ_n ˌɒ_n ɹ_ɪ_t_ˈaɪə_m_ə_n_t ɒ_v b_ˈɒ_n_d_z]\
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Value increase posted on the balance sheet as a company moves to recapture expired bonds. Current value minus the price of the bond at the time of recall is the simple calculation for this gain. Current value is $1,000 $500 (price of bond) = $500 increase is an example.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.