Face-amount certificate company

A face-amount certificate company is an investment company which offers an investment certificate as defined by the Investment Company Act of 1940. In general, these companies issue fixed income debt securities that obligate the issuer to pay a fixed sum at a future date. They are generally sold on an installment basis. A face-amount certificate (...
Found on http://en.wikipedia.org/wiki/Face-amount_certificate_company

face-amount certificate company

[n] - a regulated investment company that pays a stated amount to certificate holders on a stated maturity date
Found on http://www.webdictionary.co.uk/definition.php?query=face-amount%20certifica

face-amount certificate company

noun a regulated investment company that pays a stated amount to certificate holders on a stated maturity date
Found on http://wordnetweb.princeton.edu/perl/webwn?s=face-amount%20certificate%20co
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