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Negotiable certificates of deposit

• Negotiable instruments representing specific cash deposits in commercial banks, having varying maturities and yields based on size, maturity, and prevailing money market conditions. Yields are generally above those on U.S. Treasury issues and comparable to those on commercial paper with similar maturities.

• A large-denomination (generally $1 million) CD that can be sold but cannot be cashed in before maturity.

 
 Embedded terms in definition
 Cash
Commercial paper
Commercial
Instruments
Market
Maturity
Money market
Paper
Size
U
 
 Related Terms
 Certificate of deposit
Deposit note
Eurocurrency deposit
Federal deposit insurance corporation
Federal deposit insurance corporation fdic
Gmcs guaranteed mortgage certificates
Money market certificates
Negotiable order of withdrawal
Negotiated certificate of deposit
Participation certificates
Savings deposit
Security deposit initial
Security deposit maintenance related
Time deposit

<< Neglected firm effect Negotiable order of withdrawal >>

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Do not let yourselves be discouraged or embittered by the smallness of the success you are likely to achieve in trying to make life better. You certainly would not be able, in a single generation, to create an earthly paradise. Who could expect that? But, if you make life ever so little better, you will have done splendidly, and your lives will have been worthwhile. - Arnold Toynbee

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