negotiable certificate of deposit (CD)

  

Definition

Short-term (2 to 52 weeks) large denomination ($100,000 minimum) CD that is issued at a discount on its par value, or at a fixed interest rate payable at maturity. Negotiable CDs issued by large banks are freely traded in secondary markets.

Related Videos




http://www.businessdictionary.com/definition/negotiable-certificate-of-deposit-CD.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z