Final answer:
A bond's par value is also referred to as its face value, which is the amount paid at maturity, differing from present value and market value.
Step-by-step explanation:
The par value of a bond can also be called its face value. The par or face value of a bond is the amount the issuer of the bond agrees to pay the bondholder upon the maturity date. This should not be confused with the present value, which is the current value of the bond's future payments discounted at the market interest rate, or the market value, which is the price at which the bond currently trades in the market. The coupon payment refers to the interest payments made to bondholders at specified intervals.