Negotiable certificate of deposit (CD)

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Negotiable certificate of deposit (CD),

Definition of Negotiable certificate of deposit (CD):

  1. 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.

Meaning of Negotiable certificate of deposit (CD) & Negotiable certificate of deposit (CD) Definition