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.

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.
It is projected by the Ministry of Finance to publish all three kinds of bonds in equal volume of AZN 200 million at face value or 2 million bonds at AZN 100 face value each.
But the lucky Dub got into Croke Park when a punter offered him a last-minute ticket at face value after he was recognised from the Irish Mirror.
Because the face value was so low, scalpers could buy many tickets at face value while only having to sell a few at market value in order to break even.