Definitions for "face amount"
The amount stated on an insurance policy, to be paid upon death or maturity.
Under a life insurance policy, the basic amount of life insurance coverage.
The amount stated in the policy as payable at the death of the insured or at the maturity of the contract. The amount is generally shown on the first page of a policy.
The quantity purchased. Also called notional.
The sum of money stated on a check, bond, note or other instrument, exclusive of interest accumulations.