face-amount certificate
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 Webster's Finance Dictionary |
face-amount certificate definition - business
face-amount certificate
Debt issued by a face amount certificate company obligating the issuer to redeem the certificate at face value at maturity. The buyer makes installment payments that earn interest over the life of the certificate.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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MLA Style
"face-amount certificate." Business. 2009
- Your Dictionary. 5 July 2009
- <www.yourdictionary.com/business/face-amount-certificate>
APA Style
face-amount certificate. (2009). In Business
- Retrieved July 5th, 2009, from www.yourdictionary.com/business/face-amount-certificate
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