Face-amount certificate - Definition

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. The company or Mutual Fund issuing such debt is called the Face amount certificate company. The issuer agrees to pay to the holder the Face Value at Maturity.

Terms near "Face-amount certificate"

Facility fee
Fact book
Factor analysis
Factor cost
Factor endowment
Factor income
Factor market
Factor model
Factor portfolio
Factor return
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