Another Term for the Face Value of a Bond Is

question 53

Multiple Choice

Another term for the face value of a bond is:

• A)principal.
• B)maturity value.
• C)par value.
• D)all of the above.

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Definitions:

Salvage Value

Predicted value upon resale of an asset at the end of its practical life.

Depreciation

The systematic allocation of the depreciable amount of an asset over its useful life.

Useful Life

The estimated time period that an asset is expected to be usable for the purposes of a business before it becomes obsolete.

Salvage Value

The estimated residual value of an asset after its useful life has ended, and it can no longer be used for productive purposes.