Original face value

The principal amount of the mortgage as of its issue date. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • original face value — original face or original face value The total principal amount of all of the loans in an MBS pool as of the issue date. American Banker Glossary The principal amount of a mortgage as of its issue date. Bloomberg Financial Dictionary …   Financial and business terms

  • original face value — Fin the amount of the principal of a mortgage on the day it is created …   The ultimate business dictionary

  • original face — or original face value The total principal amount of all of the loans in an MBS pool as of the issue date. American Banker Glossary …   Financial and business terms

  • face value — n: the value indicated on the face of something (as a stock certificate) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. face value I …   Law dictionary

  • face value — The amount of money printed on the face of the certificate of a security; the original dollar amount of indebtedness incurred. Chicago Board of Trade glossary face or face value See current face and original face. American Banker Glossary See:… …   Financial and business terms

  • Original Face — The par value of a mortgage backed security at the time it is issued. Unlike most other types of bonds, mortgage backed securities return both principal and interest to the holder in periodic payments (usually monthly). Over time, the outstanding …   Investment dictionary

  • Face Value — The nominal value or dollar value of a security stated by the issuer. For stocks, it is the original cost of the stock shown on the certificate. For bonds, it is the amount paid to the holder at maturity (generally $1,000). Also known as par… …   Investment dictionary

  • face value —    In shares of stock, the original cost of the share, as written on the certificate; this is the par value …   Business law dictionary

  • face — or face value See current face and original face. American Banker Glossary …   Financial and business terms

  • Original Issue Discount — (OID) USA The discount from the face value of a bond or other debt instrument at the time that it is issued. It is the difference between the stated redemption price at maturity and the offering price. This discount is amortized over the life of… …   Law dictionary

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