face-amount certificate

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Face-amount certificate

A debt security issued by face amount. The holder makes payments periodically to the issuer, and the issuer promises to pay the purchaser the face value at maturity or the surrendered value if the security is presented at the maturity specified in the certificate.

Face-Amount Certificate

A debt security with a face value printed on its certificate. A face-amount certificate obligates the issuer to pay the face value to the holder of the security at its maturity. Face-amount certificates ordinarily have face values of $1,000, though this may be higher or lower depending upon the issue.

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.
References in periodicals archive ?
SBMCC's predecessor company dates back to 1914, and over 2,000 SBM face-amount certificates are presently outstanding to certificate holders in multiple states.
SBM offers retail face-amount certificates that guarantee a fixed rate of return to investors at a future date.
SBM is registered under the Investment Company Act of 1940 as an issuer of face-amount certificates, which guarantee investors a fixed rate of return at a future date.
Retail face-amount certificates are issued through SBM Certificate Company.
Retail face-amount certificates are issued through SBM Certificate Company and institutional certificates are maintained through ARM Face-Amount Certificate Group.
Retail face-amount certificates are issued through SBM Certificate Company and institutional face-amount certificates are maintained through ARM Face-Amount Certificate Group.
Retail face-amount certificates are issued through SBM Certificate Company and privately placed institutional certificates are issued through ARM Face-Amount Certificate Group and its subsidiaries.
Retail face- amount certificates are issued through SBM Certificate Company and privately placed institutional face-amount certificates are issued through ARM Face- Amount Certificate Group and its subsidiaries.
Retail face-amount certificates are issued through SBM Certificate Company and privately placed institutional face-amount certificates are issued through ARM Face-Amount Certificate Group and its subsidiaries.
1 million in 1997 due to a privately placed $500 million face-amount certificate.