The date on which a bond's principal is paid off is its:

Question

Quizplus · Accepted Answer

Maturity date is the date on which the face value (principal) of a bond is repaid to the investor. Call date is the date on which a bond issuer can redeem the bond prior to its maturity date. Redemption date is a general term that may refer to either the maturity or call date, depending on the context. Therefore, the correct answer is B, as only maturity date specifically refers to the repayment of the bond's principal.

The Date on Which a Bond's Principal Is Paid Off