Final answer:
A bond contract does not typically include the issuer's credit score. It does include the face value, interest rate, and maturity date, which are crucial for calculating the bond's present value and its attractiveness to investors.
Step-by-step explanation:
In financial terminology, it's important to understand the components of a bond. Primarily, a bond includes a face value, which is the amount to be repaid to the investor at the maturity date, and an interest rate, often referred to as the coupon rate, which dictates the interest payments made through the lifespan of the bond. However, one element you typically would not find in a bond contract is the issuer's credit score. While the credit score can impact the perceived risk and pricing of the bond in the market, it is not a component that is written into the bond contract itself.
Rather, the creditworthiness of a bond issuer is assessed by credit rating agencies that assign a credit rating, which is separate from the bond contract. The credit score, on a personal level, is akin to a credit rating for individuals. However, within bond contracts, the terms include the principal amount (face value), the coupon rate, and the bond's final maturity date but not the personal credit score.