Original Face

Business, Legal & Accounting Glossary

Definition: Original Face


Original Face


Full Definition of Original Face


In mortgage-backed bonds, the par value of the bond on the day it is issued. Since these bonds pay both principal and interest periodically, the original face reduces over time. On a given date it is referred to as current face.


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

Definition Sources


Definitions for Original Face 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: 16th November, 2021 | 0 Views.