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About: Face-amount certificate company     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Company, within Data Space : dbpedia.org associated with source document(s)

Type: company New Facet based on Instances of this Class

A face-amount certificate company is an investment company which offers an investment certificate as defined by the Investment Company Act of 1940. In general, these companies issue fixed income debt securities that obligate the issuer to pay a fixed sum at a future date. They are generally sold on an installment basis. Along with FAC, other company types that fall under the scope of the Investment Company Act of 1940 are Unit Investment Trusts and Management Companies.