T - Bills are issued at a discount from par, while the investor receives
full par value at maturity.
Not exact matches
Instead, they are sold at a discount to their face (or
par)
value; investors receive the
full face
value at maturity.
Callable and puttable The issuer of a callable corporate bond maintains the right to redeem the security on a set date prior to maturity and pay back the bond's owner either
par (
full)
value or a percentage of
par value.
Zero - coupon Zero - coupon corporate bonds are issued at a discount from face
value (
par), with the
full value, including imputed interest, paid at maturity.
The bond issuers promise to pay you back for the
full loan amount, also called
par value, face
value, maturity
value or principal, and usually with regular interest payments on the
par value.
Bonds are not necessarily issued at
par (100 % of face
value, corresponding to a price of 100), but bond prices will move towards
par as they approach maturity (if the market expects the maturity payment to be made in
full and on time) as this is the price the issuer will pay to redeem the bond.
On the maturity date, the holder of the bond gets back its
full face
value (called
par value).