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.
Society is made up of individuals who have agreed to work together for mutual benefit. It can be a very broad term, as we can make generalizations about what the whole of Western society believes, or it can be a very narrow definition, describing only a small group of people within a given community.t can be a very broad term, as we can make generalizations about what the whole of Western society believes, or it can be a very narrow definition, describing only a small group of people within a given community.