When a bond matures, it is at the end of the term and is ready to collect. You can either take the money or open another bond or CD with that money to lock the money away for the same amount of time so that it accrues more money in interest.
The payment made when a bond matures is the face value of the bond, which is the original amount borrowed by the issuer.
You do not get full value.
Type Face value
The face value of a bond can be found by looking at the bond certificate or by checking the bond's prospectus. It is the amount that the bond issuer promises to repay to the bondholder when the bond matures.
Agree
The payment made when a bond matures is the face value of the bond, which is the original amount borrowed by the issuer.
You do not get full value.
Type Face value
The face value of a bond can be found by looking at the bond certificate or by checking the bond's prospectus. It is the amount that the bond issuer promises to repay to the bondholder when the bond matures.
Agree
twenty years
Callable bonds give the issuer the right to buy back the bond before it matures, while putable bonds give the bondholder the right to sell the bond back to the issuer before it matures.
A savings bond is not a bank account, you can't just withdraw money from it. It has a maturity date. When the bond matures, you can cash it in. Until then you can't.
To determine the face value of a bond, look at the bond certificate or the bond indenture. The face value is the amount that the bond issuer promises to pay back to the bondholder when the bond matures. It is also known as the par value or principal amount of the bond.
A bond will always (unless if fails due to credit or is restructured) always mature at a 'par' value. In professional markets this is considered as 100.
I got 98.00 for apex
At maturity it is worth $50. You buy it at discount prior to maturity.