An investment business that issues face amount certificates (FACs) which are based on real assets such as property or other securities. These certificates are debt securities that allow a company to obtain relatively low interest financing. Few investment companies exist that are still permitted to issue face-amount certificates. Those that do are 'grandfathered' in from the restrictions issued by the Investment Company Act of 1940, and are heavily regulated.
Related information about face-amount certificate company:
- Face-amount certificate company - Wikipedia, the free encyclopedia
A face-amount certificate company is an investment company which offers an investment certificate as defined by the Investment Company Act of 1940.
- Face-Amount Certificate Company Definition | Investopedia
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 ...
- face-amount certificate company - The Free Dictionary
Noun, 1. face-amount certificate company - a regulated investment company that pays a stated amount to certificate holders on a stated maturity date. investment ...
- Face-amount certificate company - Dictionary.com - Reference.com
face-amount certificate company. noun. a regulated investment company that pays a stated amount to certificate holders on a stated maturity date ...
- Face-amount certificate company: Definition from Answers.com
Face-Amount Certificate Company A type of investment firm that issues debt securities to its investors.
- What is face-amount certificate company? definition and meaning
Definition of face-amount certificate company: An investment business that issues face amount certificates (FACs) which are based on real assets such as ...
- Face-Amount Certificate Company Law & Legal Definition
A Face-Amount Certificate Company is an investment company that is engaged or proposes to engage in business of issuing face amount certificates of the ...
- 15 USC § 80a–28 - Face-amount certificate companies | LII / Legal ...
It shall be unlawful for any registered face-amount certificate company to issue or sell any face-amount certificate, or to collect or accept any payment on any ...