Yankee CD

What does it mean?
A certificate of deposit (CD) issued in the U.S. market, typically in New York, by a branch of a foreign bank.

In Other Words...
Yankee CDs are negotiable instruments, and most have a minimum face value of $100,000.

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
Certificate of Deposit - CD | Negotiable | Negotiable Certificate Of Deposit - NCD | Yankee Bond

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