- face amount certificate company
- An investment company. 15 USC § 80a-4.
Ballentine's law dictionary. Anderson, W.S.. 1998.
face amount certificate company
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Face-amount certificate company — An investment company which offers an Investment Certificate as defined by the Investment Company Act of 1940A face amount certificate (FAC) is a contract between an investor and an issuer in which the issuer guarantees payment of a stated (face… … Wikipedia
Face-Amount Certificate Company — A type of investment firm that issues debt securities to its investors. These securities are called face amount certificates and are backed by security interest on assets such as real property or other securities. This is similar in nature to… … Investment dictionary
face-amount certificate company — noun a regulated investment company that pays a stated amount to certificate holders on a stated maturity date • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑fund … Useful english dictionary
Investment Company Act of 1940 — The Investment Company Act of 1940 is an act of Congress. It was passed as a United States Public Law and is codified at usc|15|80a 1 through usc|15|80a 64.Following the founding of the mutual fund in 1924, investors welcomed the innovation with… … Wikipedia
Investment company — An investment company is a company whose main business is holding securities of other companies purely for investment purposes. The investment company invests money on behalf of its shareholders who in turn share in the profits and losses. In… … Wikipedia
investment company — noun a financial institution that sells shares to individuals and invests in securities issued by other companies • Syn: ↑investment trust, ↑investment firm, ↑fund • Derivationally related forms: ↑fund (for: ↑fund) … Useful english dictionary
face value — The amount of money printed on the face of the certificate of a security; the original dollar amount of indebtedness incurred. Chicago Board of Trade glossary face or face value See current face and original face. American Banker Glossary See:… … Financial and business terms
Certificate of deposit — This article is specific to the United States. For a more general article, see Time deposit. Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account … Wikipedia
Investment certificate — This article is specific to the United States.An investment certificate is an investment product offered by an investment company or brokerage firm designed to offer a competitive yield to an investor with the added safety of their principal. [… … Wikipedia
Management Investment Company — A formal name for a company that sells and manages a portfolio of securities. A management investment company is one of the three fundamental types of investment companies, the other two being unit investment trusts and face amount certificate… … Investment dictionary
