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Negotiable Certificate Of Deposit-NCD
What does it mean?
A certificate of deposit with a minimum face value of $100,000. It is guaranteed by the bank and can be sold, but cannot be cashed-in before maturity.
In Other Words...
Yankee CDs are a type of negotiable CD.
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.
Related Terms
Banker's Acceptance | Certificate of Deposit | Face Value | Maturity Date | Money Market | Promissory Note | Yankee CD
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