What term refers to the amount received at the time a security is redeemed at its maturity?

The term that refers to the amount received at the time a security is redeemed at its maturity is known as maturity value. When a security, such as a bond, matures, the issuer pays the holder the maturity value, which is typically the principal amount of the bond plus any accrued interest. This reflects the total return to the investor at the end of the investment period. Understanding maturity value is crucial for investors as it indicates what they will receive upon the completion of the investment term, providing a clear picture of the overall returns from that security.

Other terms listed here, such as face value, market price, and present value, relate to different aspects of securities and their valuation, but they do not specifically denote the amount received at maturity. Face value refers to the nominal value of a bond, market price indicates what the bond is currently trading for in the market, and present value involves calculating the current worth of future cash flows. Maturity value is specifically tied to the redemption process once a security reaches its maturity date.