Face Value

Definition

• 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."

Synonyms
par value, stated value

Related Terms and Acronyms

• Casualty Insurance — Definition,
  • Insurance that covers losses and liability from injuries to others and/or damage to the property of others.
• Death Benefit (DB) — Acronym, Very Important,
  • 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) — Acronym,
  • Insurance that covers the costs of medical expenses for insured persons.
• Insurable Value — Definition,
  • The total amount that an asset can be insured for.
• Insurance (insur) — Abbreviation,
  • An arrangement where one party provides financial protection to another party for specific damages or losses.
• Insured Value — Definition,
  • What an insurer will pay to replace an insured asset.
• Life Insurance — Definition, Very Important,
  • 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 — Definition,
  • Insurance that provides coverage for damages to property from a number of perils.