face-amount certificate company

/feɪs əˌmaʊnt ˌkʌmp(ə)ni/
IPA guide

Definitions of face-amount certificate company
  1. noun
    a regulated investment company that pays a stated amount to certificate holders on a stated maturity date
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    type of:
    fund, investment company, investment firm, investment trust
    a financial institution that sells shares to individuals and invests in securities issued by other companies
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