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The face value, sometimes called nominal value, is the value of a coin, bond, stamp or paper money as printed on the coin, stamp or bill itself [1] by the issuing authority. The face value of coins, stamps, or bill is usually its legal value. However, their market value need not bear any relationship to the face value.
Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. [1] [2] [3] A business will sometimes factor its receivable assets to meet its present and immediate cash needs. [4] [5] Forfaiting is a factoring arrangement used ...
Prima facie. Prima facie ( / ˌpraɪmə ˈfeɪʃi, - ʃə, - ʃiiː /; from Latin prīmā faciē) is a Latin expression meaning "at first sight", [ 1] or "based on first impression". [ 2] The literal translation would be "at first face" or "at first appearance", from the feminine forms of primus ("first") and facies ("face"), both in the ...
In the ordinary course of life, we necessarily take others at face-value, [30] and use ideal types/stereotypes to guide our daily activities; while institutions too can rely on the superficial consensus of groupthink [31] to preclude deeper investigation. Some circumstances however necessitate a shift from superficial to extensive processing.
The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy oz of pure gold. Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In addition, circulation strikes and ...
e. A banker's acceptance is a commitment by a bank to make a requested future payment. The request will typically specify the payee, the amount, and the date on which it is eligible for payment. After acceptance, the request becomes an unconditional liability of the bank. Banker's acceptances are distinguished from ordinary time drafts in that ...
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time ...
Answer 1 of 5: Sorry for the long post - I thought I would share an article that I found in the Mladá Fronta newspaper the other day (my translation, done quickly on the train yesterday, so sorry for any inaccuracies).