Face Amount

Business, Legal & Accounting Glossary

Definition: Face Amount


Face Amount

Quick Summary of Face Amount


The amount stated on an insurance policy, to be paid upon death or maturity.




What is the dictionary definition of Face Amount?

Dictionary Definition


n. the original amount due on a promissory note or insurance policy as stated therein, without calculating interest.


Examples of Face Amount in a sentence


Linda was shocked when she found Frank’s life insurance policy in the safety deposit box and the face amount was over $1,000,000.

Jenn wanted some extra money to purchase a car, she cashed in an old life insurance policy that had matured so she could add the face amount to her funds.

When researching insurance policies, elect to enroll in one that will pay out not only the face amount upon death or maturity, but any earnings/interest as well.


Related Phrases


airbag swap
death benefit
double indemnity
denomination
adjustable life insurance
adjustment provision
discount loan
cashier's check
accidental death benefit
principal paid over life of loan
face-amount certificate
face-amount certificate company


Cite Term


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Page URL
https://payrollheaven.com/define/face-amount/
Modern Language Association (MLA):
Face Amount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/face-amount/.
Chicago Manual of Style (CMS):
Face Amount. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/face-amount/ (accessed: March 28, 2024).
American Psychological Association (APA):
Face Amount. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/face-amount/

Definition Sources


Definitions for Face Amount are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 31st October, 2021 | 0 Views.