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Face value |
Also found in: Legal, Acronyms, Wikipedia, Hutchinson | 0.52 sec. |
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Face value See: Par value
Face value. Face value, or par value, is the dollar value of a bond or note, generally $1,000. That is the amount the issuer has borrowed, usually the amount you pay to buy the bond at the time it is issued, and the amount you are repaid at maturity, provided the issuer doesn't default. However, bonds may trade at a discount, which is less than face value, or at a premium, which is more than face value, in the secondary market. That's the bond's market value, and it changes regularly, based on supply and demand. The death benefit of a life insurance policy which is the amount the beneficiary receives when the insured person dies. It's also known as the policy's face value. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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MONY One Year Non-Renewable, Non-Convertible Term One Year Non-Renewable, Non-Convertible Term Premium Rates Initial Premium Unisex Rates Per $1,000 of Face Amount $50,000 Minimum Face Amount--Annual Mode of Premium Only Single Life Premium Rates per $1,000 Face Amount Issue Issue Issue Age Unisex Age Unisex Age Unisex 0 0. The face amount is not necessarily the amount paid for the card by the user or any intermediary. The gain is the excess of the face amount of the notes over their bases (not stated in the decision) at Frane's death. |
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