face-amount certificate

face-amount certificate
A debt security issued by face amount. The holder makes payments periodically to the issues, and the issuer promises to pay the purchaser the face value at maturity or the surrendered value if the security is presented by the maturity specified in the certificate. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Face-amount certificate company — An investment company which offers an Investment Certificate as defined by the Investment Company Act of 1940A face amount certificate (FAC) is a contract between an investor and an issuer in which the issuer guarantees payment of a stated (face… …   Wikipedia

  • Face-Amount Certificate Company — A type of investment firm that issues debt securities to its investors. These securities are called face amount certificates and are backed by security interest on assets such as real property or other securities. This is similar in nature to… …   Investment dictionary

  • face-amount certificate company — noun a regulated investment company that pays a stated amount to certificate holders on a stated maturity date • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑fund …   Useful english dictionary

  • face amount certificate company — An investment company. 15 USC § 80a 4 …   Ballentine's law dictionary

  • face value — n: the value indicated on the face of something (as a stock certificate) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. face value I …   Law dictionary

  • face value — The amount of money printed on the face of the certificate of a security; the original dollar amount of indebtedness incurred. Chicago Board of Trade glossary face or face value See current face and original face. American Banker Glossary See:… …   Financial and business terms

  • Certificate of deposit — This article is specific to the United States. For a more general article, see Time deposit. Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account …   Wikipedia

  • Face value — See: Par value. The New York Times Financial Glossary * * * face value face value ➔ value1 * * *    On a share certificate or bond, the face value is what appears on the face of the document. On a debt instrument, it is the amount to be repaid at …   Financial and business terms

  • face value — The value of an insurance policy, bond, note, mortgage, or other security, as given on the certificate or instrument, payable upon maturity of the instrument. The face value is also the amount on which interest or coupon payments are calculated.… …   Black's law dictionary

  • face value — The value of an insurance policy, bond, note, mortgage, or other security, as given on the certificate or instrument, payable upon maturity of the instrument. The face value is also the amount on which interest or coupon payments are calculated.… …   Black's law dictionary

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