Distinguish between the following values relative to bonds payable: (a) Maturity value (b) Face value (c) Market

Question:

Distinguish between the following values relative to bonds payable:

(b) Face value

(d) Par value

Bonds
When companies need to raise money, issuing bonds is one way to do it. A bond functions as a loan between an investor and a corporation. The investor agrees to give the corporation a specific amount of money for a specific period of time in exchange... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...