Face value

The principal amountThe face amount of a Bond, exclusive of accrued interest and payable at maturity or, as to an Issue, of a bondWritten evidence of an obligation given by a corporation or government entity. A surety instrument. (a debt instrumentA collective term encompassing obligating documents for a loan, including any applicable promissory issued by a government, municipality or corporationAn entity established and treated by law as an individual or unit with rights and liabilities, or both,). It is usually paidThis is the amount of tax posted as paid for the year in question, either in installment payments or to the bond ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). when the bond matures.