---
kind: "section"
citation: "18 C.F.R. § 367.4290"
title: "18"
number: "367.4290"
heading: "Account 429, Amortization of premium on debt—Credit."
url: "https://uscodex.org/cfr/18/367.4290"
---

# §367.4290. Account 429, Amortization of premium on debt—Credit.

- (a) This account must include the amortization of unamortized net premium on outstanding long-term debt. Amounts credited to this account must be charged concurrently to account 225, Unamortized premium on long-term debt ([§ 367.2250](/cfr/18/367.2250.md)).
- (b) This account must be kept or supported so as to show the premium on each class and series of long-term debt.
- (c) This account must include the following items:
  - (1) **Loss relating to investments in securities written-off or written-down.**
  - (2) **Loss on sale of investments.**
  - (3) **Loss on reacquisition, resale or retirement of service company's debt securities.**
  - (4) Preliminary survey and investigation expenses related to abandoned projects, when not written-off to the appropriate operating expense account.

## 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.