interest payment
3.When bonds are retired before maturity, these steps must be followed ① Record partial period amortization of premium or discount, if date is other than an interest payment date. ② Write off the portion of Premium or Discount that relates to the portion of bonds being retired. ③ Calculate extraordinary gain or loss on retirement.
8.It has pitilessly torn asunder the motley feudal ties that bound man to his "natural superiors," and has left remaining no other nexus between man and man than naked self-interest, than callous "cash payment."

