FACE VALUE Definition

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FACE VALUE is the value printed or written on the face of a asset, e.g. on a bill or bond.

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STATUTORY LIEN is an involuntary lien, which is created by law rather than by contract. Statutory liens include tax liens, judgment liens, mechanics liens, etc.

ESTIMATION SAMPLING is sampling to estimate the actual value of a population characteristic within a range of tolerable misstatement.

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