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Jumbo Certificate OF Deposit

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Jumbo certificate of deposit
A certificate of deposit in increments of $100,000.
jumbo certificate of deposit
A certificate of deposit with a denomination of $95,000 or more. Jumbo certificates of deposit are negotiable and ordinarily carry slightly higher interest rates than smaller certificates.
Jumbo Certificate OF Deposit
A certificate of deposit of large value, usually more than $1 million, that can be bought and sold, but not redeemed before maturity. See also: Negotiable CD.


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