face-amount certificate company

1. 1.

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

   Broaderinvestment company

Questions about face-amount certificate company

What does face-amount certificate company mean?

face-amount certificate company means "a regulated investment company that pays a stated amount to certificate holders on a stated maturity date".

Is face-amount certificate company a common word?

face-amount certificate company is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.