GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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Face Value


Synonyms:par value, stated value
Filed Under: financial-banking, insurance
Tags: banking, insurance
 

Definition of face value

face value
1. Face value can refer to the apparent value of an asset, the size of a life insurance policy's death benefit, or the maximum amount payable in a property, casualty or health insurance policy. Also known as "stated value," or "par value."

Related Terms and Acronyms:

  • casualty insurance   Insurance that covers losses and liability from injuries to others and/or damage to the property of others.
  • death benefit (DB)   A payment or series of payments made to the beneficiaries of a life insurance policy.
      ➥  An amount paid to a beneficiary in a life linsurance policy.
  • health insurance (HI)   Insurance that covers the costs of medical expenses for insured persons.
  • insurable value   The total amount that an asset can be insured for.
  • insurance (insur)   An arrangement where one party provides financial protection to another party for specific damages or losses.
  • insured value   What an insurer will pay to replace an insured asset.
  • life insurance   An arrangement where an insurer agrees to pay a benefit to one or more beneficiaries in the event of the policyholder's death.
      ➥  CanEquity offers life insurance.
  • property insurance   Insurance that provides coverage for damages to property from a number of perils.

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