face-amount certificate(redirected from Face Amount Certificates)
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.
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.