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face amount

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia, Hutchinson 0.01 sec.

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


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The size of a life insurance company often is measured by the face amount of its portfolio, that is, the amount of life insurance it has issued that is in force.
In comes the recent term life insurance introduction that provides for families to purchase a death benefit face amount that is paid out over a certain number of years 5,10,15.
The face amount is not necessarily the amount paid for the card by the user or any intermediary.
 
 
 
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