---
kind: "section"
citation: "18 C.F.R. § 367.2260"
title: "18"
number: "367.2260"
heading: "Account 226, Unamortized discount on long-term debt—Debit."
url: "https://uscodex.org/cfr/18/367.2260"
---

# §367.2260. Account 226, Unamortized discount on long-term debt—Debit.

- (a) This account must include the excess of the face value of long-term debt securities over the related cash value of consideration received, related to the issue or assumption of all types and classes of debt.
- (b) Amounts recorded in this account must be amortized over the life of the respective issues under a plan that will distribute the amount equitably over the life of the securities. The amortization must be on a monthly basis, with the related amounts charged to account 428, Amortization of debt discount and expense ([§ 367.4280](/cfr/18/367.4280.md)). (see General Instructions in [§ 367.16](/cfr/18/367.16.md).)

## Notes

### Authority

Authority: 15 U.S.C. 717 et seq., 16 U.S.C. 791a et seq., and 42 U.S.C. 16451-16463.

### Source

Source: Order 684, 71 FR 65226, Nov. 7, 2006, unless otherwise noted.