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Investing Glossary:
Face-amount certificate
Copyright 2012,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| 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.
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