If you pay a premium to buy a bond, the premium is part of your basis in the bond. If the bond yields taxable interest, you can choose to amortize the premium. This generally means that each year, over the life of the bond, you use a part of the premium to reduce the amount of interest includible in your income.
(Original post by darryladie) Consensus in society is about how social order is maintained. From a consensus perspective everyone agrees on social norms and values and people work together to maintain society.Look at: Parsons, Durkheim Conflict theories work on the basis of disagreement or control.rom a consensus perspective everyone agrees on social norms and values and people work together to maintain society. Look at: Parsons, Durkheim Conflict theories work on the basis of disagreement or control.
Members of the Shimer College Assembly reaching a consensus through deliberation. Consensus decision-making is a group decision-making process in which group members develop, and agree to support a decision in the best interest of the whole. Consensus may be defined professionally as an acceptable resolution, one that can be supported, even if not the favourite of each individual.