FACE-AMOUNT CERTIFICATE COMPANY

 I. (noun) 

Sense 1

Meaning:

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

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("face-amount certificate company" is a kind of...):

fund; investment company; investment firm; investment trust (a financial institution that sells shares to individuals and invests in securities issued by other companies)

Credits