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MaskedTextBox.Text is the default binding property for the System.Windows.Forms.MaskedTextBox class.
Strings retrieved using this property are formatted according to the control's formatting properties, such as MaskedTextBox.Mask and MaskedTextBox.TextMaskFormat.
You can assign a string with or without literal characters to MaskedTextBox.Text depending on the values of MaskedTextBox.ResetOnPrompt, MaskedTextBox.ResetOnSpace, and MaskedTextBox.SkipLiterals.
MaskedTextBox.Text is the default binding property for System.Windows.Forms.MaskedTextBox.
System.Windows.Forms.MaskedTextBox will raise the Control.TextChanged event whenever the formatted text value changes. Different properties may or may not cause this value to change. For example, changing the MaskedTextBox.PasswordChar property will not raise the Control.TextChanged event, but changing the MaskedTextBox.Mask property will.