What is cashing a bond at maturity?

Cashing a bond at maturity refers to the process of redeeming the bond for its face value when it reaches its maturity date. At this time, the bondholder receives the principal amount originally invested, along with any final interest payment due. This marks the end of the bond's term, and the investor no longer holds that bond. It is a way for investors to recover their initial investment after the bond's designated period has elapsed.