Face

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Face

The external appearance or surface of anything; that which is readily observable by a spectator. The words contained in a document in their plain or obvious meaning without regard to external evidence or facts.

The term is applied most frequently in business law to mean the apparent meaning of a contract, paper, bill, bond, record, or other such legal document. A document might appear to be valid on its face, but circumstances may modify or explain it, and its meaning or validity can be altered.

See: appearance, confront, endure, look, suffer, withstand
References in periodicals archive ?
We gave him four tickets for Twickenham at face value.
Zero Coupon Treasury STRIPS are sold at a discount or at face value and in denominations as small as $30.
SAI purchases the gift cards and certificates from the merchants at a discount from face value, resells them to community-based non-profit organizations (NPO's), who in turn sell them to their members and supporters at face value, generating substantial fundraising revenue.
The guarantees included items like promises that interest rates would be raised as high as was necessary for the bonds to trade at face value.