face-amount certificate company

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Definitions from WordNet

Noun face-amount certificate company has 1 sense

face-amount certificate company - a regulated investment company that pays a stated amount to certificate holders on a stated maturity date
--₁ is a kind of investment company, investment trust, investment firm, fund

Definitions from the Web

face-amount certificate company

Definition:

A face-amount certificate company is a financial institution that issues face-amount certificates to investors, guaranteeing a fixed maturity value upon the certificates' maturity.

Usage:

As a noun (singular):

Investors can consider investing in a face-amount certificate company for a reliable fixed-income investment.

As a noun (plural):

Many face-amount certificate companies faced regulatory challenges during the financial crisis.

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