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face-amount certificate Finance Definition

A debt instrument issued by a type of mutual fund that is called a face-amount certificate company. An investor who owns a face-amount certificate makes periodic payments to the company issuing the certificate. At the end of the payment period, the issuer pays the investor the face value of the certificate. If the certificate is presented before maturity, the investor is paid the surrender value.

Browse dictionary entries near face-amount certificate

  1. ‹ face
  2. ‹ facade
  3. ‹ fabulous
  4. ‹ fabulist
  5. ‹ Fabry-Perot laser
  6. ‹ fabrication
  7. ‹ fabricate
  8. ‹ fabric
  9. ‹ fabliau
  10. ‹ fabless
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