The bond obligates the issuing company to pay the par value of the bond at a specific future time called the:

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The term "maturity date" refers to the specific future time when a bond is due to be paid in full by the issuing company. This is the date on which the company is obligated to pay the bondholder the par value of the bond, which is the original amount borrowed. While there may be other important dates associated with a bond issue (such as the issuing date or payment dates for interest payments), the maturity date is the most critical because it represents the ultimate repayment of the bond to the investor.

The Bond Obligates the Issuing Company to Pay the Par