The face value of a term bond is payable at a single specific date in the future.

Name: The face value of a term bond is payable at a single specific date in the future.
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The face value of a term bond, also known as the principal or par value, is payable at a single specific date in the future, known as the maturity date. This distinguishes term bonds from other types of bonds, such as serial bonds, which have multiple payment dates for the face value.

The Face Value of a Term Bond Is Payable at a Single