Insured

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January 1, 1 6 min read Definitions

Face Amount Nominal Value Bonds Insurance Policies Principal Amount Maturity Beneficiary Insured

Face amount refers to the nominal value or dollar value of a security stated by the issuer. For bonds, it is the principal amount paid back to the bondholder at maturity. For insurance policies, it represents the amount payable to the beneficiary upon the death of the insured.