The financial definition for 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.
Similar Matches
Canceled Certificates
Canceled Certificates Before the issuance of a new certificate, the old certificate is presented to the Transfer Agent and is canceled.
Certificate
Certificate A formal document used to record a fact and used as proof of the fact, such as stock certificates, that evidence ownership of stock in a corporation.
Certificate of Accrual on Treasury Securities (CATS)
Certificate of Accrual on Treasury Securities (CATS) Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity.