Face-amount certificate company definition

Face-amount certificate company. ’ means an investment company which is en- gaged or proposes to engage in the business of issuing face-amount certificates of the install- ment type, or which has been engaged in such business and has any such certificate out- standing.
Sample 1Sample 2Sample 3
Face-amount certificate company. ’ means an invest- ment company which is engaged or proposes to engage in the business of issuing face-amount certificates of the installment type, or which has been engaged in such business and has any such certificate outstanding.
Sample 1Sample 2Sample 3
Face-amount certificate company. ’ means an investment company which is en- gaged or proposes to engage in the business of issuing face-amount certificates of the install- ment type, or which has been engaged in such
Sample 1Sample 2Sample 3

Related to Face-amount certificate company

  • Credit certificate means a certificate issued by the allocating agency to a taxpayer that specifies the amount of affordable housing tax credits that can be applied against the taxpayer’s individual or corporate income tax, or franchise, captive insurance premium, or insurance premium tax liability as provided in this subchapter.

  • Certificate Percentage means (i) for each Payment Date until the Notes have been paid in full, 0%; and (ii) thereafter, 100%.

  • Certificate Principal means principal payable in respect of the Investor Certificates of any Series pursuant to Article IV of this Agreement.

  • Original Certificate Balance means $30,568,788.34.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).