The value of the bond at maturity, or the payment due at repayment, is known as : face value or par value.
What is face value or par value
Face value can be defined as the amount that an investor will receive or be paid after the investor bond matures.
When an investors or bondholder purchases a bonds the investor is expected to receive his/her face value.
Therefore The value of the bond at maturity, or the payment due at repayment, is known as : face value or par value.
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