Series 51: Face-amount Certificate Company

Taken from our Series 51 - MSRB Municipal Fund Securities Limited Principal Qualification Exam

Definition of the term Face-amount Certificate Company...

an investment company that issues debt securities called face-amount certificates backed by assets such as real property or other securities.

Since you're reading about Series 51: Face-amount Certificate Company, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 51
Please Enable Javascript
to view this content!