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Certificate of Deposit - CD
What does it mean?
A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified interest rate, and can be issued in any denomination. CDs are generally issued by commercial banks.
In Other Words...
Technically, a certificate of deposit is a promissory note on which the maker is a bank.
CDs under $100,000 are called "small CDs," CDs for more than $100,000 are called "large CDs" or "Jumbo CDs." Almost all large CDs, as well as some small CDs, are negotiable.
Related Links
Money Market Tutorial - If your investments in the stock market are keeping you from sleeping at night, it's time to learn about the safer alternatives in the money market.
Latest Money Market Quotes - Updated quotes on CDs, Bonds, T-bills, Treasuries, etc straight from the Federal Reserve website.
Related Terms
Bankers' Acceptance (BA) | Brokered Deposit | Commercial Paper | GIC | Interest Rate | Jumbo CD | Maturity Date | Money Market | Negotiable Certificate Of Deposit | Promissory Note
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