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Par




The nominal value of a bond that is paid back to the bondholder at maturity.

Related Terms:

Z Bond
A bond on which interest accrues but is not currently paid to the investor but rather ...

Maturity
The date on which a bond's principal is repaid to the investor and interest payments cease. ...

Serial Bonds
The issue is bought back in stages, usually an annual installment. This is the way municipal ...





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