FACE AMOUNT

FACE AMOUNT

face amount.

1. PAR VALUE.

2. Insurance. The amount payable under an insurance policy. ¡ª Also termed face value; face amount insured by the policy; face of policy. [Cases: Insurance 2037. C.J.S. Insurance ¡ì¡ì 518¨C519, 742¨C745, 749¨C754.]


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.