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Face amount certificate

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.


Further Suggestions

Certificate of deposit (CD)
Certificate of Origin
Certificateless municipals
Certificates of Amortized Revolving Debt (CARD)
Certificates of Automobile Receivables (CAR)
Equipment trust certificates
Eurodollar certificate of deposit


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Face amount certificate
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