face amount


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face amount

n. the original amount due on a promissory note or insurance policy as stated therein, without calculating interest.

face amount

noun exact amount, precise amount, sum, sum shown, sum stated, total
References in periodicals archive ?
Specifically, (1) the debtor (Peracchi) was creditworthy and able to pay, (2) the note bore a market rate of interest, (3) the note had a fixed term, (4) the IRS did not argue that the note's value was less than its face amount, and (5) the note was fully transferable and enforceable by third parties, such as hostile creditors.
Now, armed with financing from an undisclosed domestic financial institution in New York to buy about $200 million in face amounts, the company is expanding.
The Holders of $91,350,000 face amount of Envirodyne's old 13-1/2% Subordinated Notes received a pro rata share of (i) 837,900 shares of new common stock of Envirodyne representing approximately 6% of the primary equity of reorganized Envirodyne; and (ii) Warrants to purchase 10% of the fully diluted new common stock of the reorganized Envirodyne.
Receipt of the face amount would result in gain of $15,000 ($60,000 payment - $45,000 basis).
9 million senior notes) and, (iii) in exchange for new notes representing the remaining face amount of the tendered notes.
The increases were driven primarily by sales of variable universal life, for which new premiums rose 41%, face amount 34% and new policies 12%.
Vaso Active has agreed to pay to plaintiffs' counsel in the derivative suits a total of $25,000 in cash and $110,000 face amount of 2-year 5% subordinated callable notes convertible at $1.
The Company continues to hold eleven life insurance policies on the Founders with a combined face amount of $130 million.
The minimum face amount is $250,000, down from $500,000.
1,000 face amount of 9 percent subordinated convertible debentures which will mature on Aug.
A Better Picture of Cause-of-Death Patterns: Cancer was the leading cause of death by face amount (33% for males and 37% for females), and cancer deaths were higher in the first few policy durations than in subsequent durations.
86 warrants to purchase shares of common stock for each $1,000 face amount of notes.