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Lockup 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 it keep the certificate to ensure that the understanding is honored by the buyer.

 
 Embedded terms in definition
 Trade
Will
 
 Related Terms
 Euro cds
Lock up cds
Variable rate cds

<< Locked market Log linear least squares method >>

Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

If you once forfeit the confidence of your fellow citizens, you can never regain their respect and esteem. You may fool all of the people some of the time; you can even fool some of the people all the time; but you can't fool all of the people all of the time. - Abraham Lincoln

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