face-amount certificate company
- noun
- Formal
:
compañía de certificados de valor nominal
- The face-amount certificate company promised to pay investors a fixed amount at maturity.
Examples
-
By purchasing from a face-amount certificate company, she ensured a guaranteed return after ten years.
-
Regulations require each face-amount certificate company to maintain strict reserves for certificate redemption.
-
The face-amount certificate company offers guaranteed returns.
-
Many investors trust a face-amount certificate company for stability.
-
By purchasing from a face-amount certificate company, she ensured a guaranteed return after ten years.
-
Regulations require each face-amount certificate company to maintain strict reserves for certificate redemption.
-
The face-amount certificate company promised to pay investors a fixed amount at maturity.
Synonyms
6
3.0
A business that collects money from many people and buys shares or bonds for them
Surface Forms
Morphology
face-amount + certificate + company
The headword contains the technical compound 'face-amount' (a financial term meaning the nominal or guaranteed sum payable) which is not predictable from knowing 'face', 'amount', 'certificate', and 'company' at a B1 level. The overall meaning — a regulated investment firm issuing such formal financial certificates with a specified maturity payout — is specialized legal/financial jargon rather than a compositionally obvious phrase, so learners who know the parts would not reliably infer the full meaning.
Etymology
Face-amount certificate company refers to a business that issues paper certificates showing a fixed face-amount, the amount printed on the front. The name tells you the company will 'pay a fixed sum' to the buyer of the certificate at a later date.