face amount

noun

Legal Definition of face amount

: the amount of money payable under an insurance policy at the time of a loss

Learn More about face amount

Cite this Entry

“Face amount.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/face%20amount. Accessed 29 Oct. 2020.

Comments on face amount

What made you want to look up face amount? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

Test Your Vocabulary

Here Be Dragons: A Creature Identification Quiz

  • monster werewolf photo
  • Which is a synonym of werewolf?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Add Diction

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!