Assertion: debt instrument's premium | /r/HasProperty | attributable
Facets:
value: to the conversion feature
type: OTHER
value: to the cost of borrowing
type: TRANSITIVE-OBJECT
Source sentences:
text: Normally, when a corporation redeems its debt at a premium, it is entitled to a deduction for the premium paid.74 Section 249, however, denies a deduction for a premium paid by a corporation to redeem convertible debt, except to the extent the premium does not exceed a normal call premium or to the extent the issuer can prove the premium was attributable to the cost of borrowing and not attributable to the conversion feature.
text: Normally, when a corporation redeems its debt at a premium, it is entitled to a deduction for the premium paid.74 Section 249, however, denies a deduction for a premium paid by a corporation to redeem convertible debt, except to the extent the premium does not exceed a normal call premium or to the extent the issuer can prove the premium was attributable to the cost of borrowing and not attributable to the conversion feature.