Face amount certificate


 

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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

Similar Matches

Jumbo certificate of deposit

Jumbo certificate of deposit

A certificate of deposit in increments of $100,000.


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Participation certificates (PC)

Used in the context of general equities. Investments representing an interest in a pool of funds or in other instruments, such as foreign securities, that allow participation in the rise or fall of a security or group of securities.


Land certificate

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Proof of ownership of a property with no mortgage on it. It details the boundaries of the property and the covenants affecting it.


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This is a copy of the property entry in the land registry database concerning a property transaction or ownership.


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A debt instrument issued by a receiver and serving as a lien on the property, which provides funding to continue operations or to protect assets in receivership.


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