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 ?
So we are working with an app called @Twickets where we've held back some good seats for our tour at face value prices.
The draft directive provides that the sale of a third-party certificate that may be redeemed for taxable property or meals at face value is not subject to sales tax.
Usually, newly issued bonds are sold at face value.