FACE-AMOUNT CERTIFICATE Definition

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FACE-AMOUNT CERTIFICATE is a debt security issued by face amount. The holder makes payments periodically to the issues, and the issuer promises to pay the purchaser the face value at maturity or the surrendered value if the security is presented by the maturity specified in the certificate.

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AGENCIES is securities issued by various agencies of the U.S. Government, such as the Federal National Mortgage Association.

THALER is a currency of Bohemia, Germany, Hungary, Roman Empire, Prussia etc.

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