Final answer:
Term bonds are bonds that mature at a single specified future date. They are distinct from serial bonds, debentures, and coupon bonds, all of which have different features and payment structures.
Step-by-step explanation:
The bonds that mature at a single specified future date are called term bonds. This type of bond contrasts with serial bonds, which have staggered maturity dates. Debentures, on the other hand, are not secured by collateral but are based on the creditworthiness of the issuer. Coupon bonds are those that carry a coupon payment, which is the interest payment made to bondholders, usually semi-annually.
When assessing bonds, investors consider the face value, coupon rate, maturity date, and market interest rates to determine the present value of a bond, which reflects the current worth of the bond's future cash flows. Though bonds were traditionally issued in paper form with coupons to clip, today most transactions occur electronically without the need for physical coupons.