Advertising

Lock up cds

• CDs that are issued with the tacit understanding that the buyer will not trade the certificate. Quite often, the issuing bank will insist that the certificate be safe kept by it to ensure that the understanding is honored by the buyer.

 
 Embedded terms in definition
 Trade
Will
 
 Related Terms
 

<< Lock out Lockbox >>

Ways to Cope Financially During and After a Big Change: Here are suggestions for staying focused and avoiding costly decisions during changing times. More...

Enthusiasm is the greatest asset in the world. It beats money, power and influence - Henry Chester

Advertising



Copyright 2009-2018 GVC. All rights reserved.