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Simple English definitions for legal terms

face-amount certificate company

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A quick definition of face-amount certificate company:

A face-amount certificate company is a type of investment company that sells certificates to people who want to save money. These certificates are like loans that the company promises to pay back with interest. The company uses the money from the certificates to invest in different things, like stocks or real estate. This type of company is regulated by the government to make sure they are honest and safe for people to invest in.

A more thorough explanation:

Definition: A type of investment company that issues face-amount certificates of the installment type or has such certificates outstanding.

Example: A company that issues face-amount certificates of $1,000 each and promises to pay the certificate holder a fixed amount of money at a future date, usually after a certain number of years. The certificate holder pays a fixed amount of money in installments until the certificate matures.

Explanation: Face-amount certificate companies are a type of investment company that issue certificates to investors and promise to pay a fixed amount of money at a future date. The certificate holder pays a fixed amount of money in installments until the certificate matures. The company invests the money received from the certificate holders in various securities and earns a return on the investment. When the certificate matures, the company pays the certificate holder the face amount of the certificate plus any accumulated interest.

face-amount certificate | face-amount certificate of the installment type

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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