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 >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

Most people are more comfortable with old problems than with new solutions. - Anonymous

Advertising



Copyright 2009-2018 GVC. All rights reserved.