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FACE-AMOUNT CERTIFICATE COMPANY

(noun)
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Definitions

There is 1 meaning of the phrase Face-Amount Certificate Company.

Face-Amount Certificate Company - as a noun

A regulated investment company that pays a stated amount to certificate holders on a stated maturity date

Example Sentences

"A face-amount certificate company is a financial institution that issues face-amount certificates of installment type or provides periodic payments on such certificates upon maturity."
"Investors can purchase face-amount certificates from a face-amount certificate company."
"The face-amount certificate company offers a fixed return on investment."
"Placing funds in a face-amount certificate company allows individuals to earn interest over time."
"The face-amount certificate company guarantees the face value of the certificate at maturity."
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