Negotiable Certificate Of Deposit

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Negotiable certificate of deposit A large denomination ($100,000 and larger) certificate of deposit that is issued in bearer form and that can be traded in the secondary market. Negotiable CDs appeal. Jumbo CDs are also known as negotiable certificates of deposits and come in bearer form. These work like conventional certificate of deposits that lock in the principal amount for a set timeframe and are.


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Negotiable Certificate of Deposit

A certificate of deposit of large value that can be bought and sold but not redeemed before maturity. See also: Jumbo CD, Callable CD.

LTNCD or Long Term Negotiable Certificate of Deposit is a bank product issued by local banks and offered to investors looking for a relatively safe investment asset. Compared to a regular savings account or short-term time deposit. The negotiable certificate of deposit (CD) revolutionized the world of finance. Introduced in 1961 by First National City Bank of New York (now Citibank), the flexible CD enabled large banks to quickly and efficiently raise funds for lending. A negotiable certificate of deposit (NCD) is a certificate of deposit issued by the banks and it is freely negotiable unlike non-negotiable CDs which cannot be transferred, sold, bought, or exchanged.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

negotiable certificate of deposit

A large denomination ($100,000 and larger) certificate of deposit that is issued in bearer form and that can be traded in the secondary market. Negotiable CDs appeal mainly to companies and institutional investors interested in low-risk investments with a high degree of liquidity. See also money market.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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Negotiable Certificate Of Deposit


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