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face-amount certificate

   Also found in: Acronyms 0.06 sec.
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.
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.


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A face-amount certificate is an obligation of the issuer to pay a face-, or principal amount, plus
Company Profile for SBM Certificate Company by Business Wire
A face-amount certificate is an obligation of the issuer to pay a face, or principal, amount, plus
Company Profile for SBM Certificate Company by Business Wire
According to the terms of the Acquisition, SBM assumed the obligations of it's the predecessor SBMs' outstanding face-amount certificates and approximately $28 million in assets.
State Bond & Mortgage Acquires SBM Certificate Company, $28 Million ... by Business Wire
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