Face interest

Face Interest Rate
Business Dictionary:
Face Interest Rate
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face interest rate
percentage interest that is shown on the bond or the loan document. The effective rate is a more meaningful yieldfigure.
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You face interest-rate risk when you own long-term bonds or bond mutual funds because their market value will drop if interest rates increase.

The interest rate stated on a bond. This is also referred to as the face interest rate, nominal interest rate, and coupon rate.
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Particularly, in the BIS standardized method of calculating regulatory capital needed to cushion market risk, long and short positions in fixed income instruments that individually face interest rate risk initially reduce each other.

See also: Acquisitions, Career, Business plan, Personal finance, Effective rate