Asked by
Yanira Piedra
on Nov 18, 2024
Verified
The face value of a term bond is payable at a single specific date in the future.
Term Bond
A bond that has a fixed maturity date on which the principal is due to be paid back in full.
Face Value
The nominal value stated on a financial instrument, such as a bond or stock certificate.
- Comprehend the characteristics of bonds as vehicles for earning interest and their binding legal agreements.
Verified Answer
SV
Learning Objectives
- Comprehend the characteristics of bonds as vehicles for earning interest and their binding legal agreements.