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Negotiable Certificates of Deposit

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Negotiable certificates of deposit

Negotiable Certificate of Deposit
A certificate of deposit of large value, usually over $1 million, that can be bought and sold, but not redeemed before maturity. See also: Jumbo CD, Callable CD.


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From April this year, it has overbought NT$800 billion of negotiable certificates of deposits, thereby driving down the banking excess reserves to NT$86.
Total deposits and negotiable certificates of deposit increased 254.
As with large holding companies outside the Fourth District, BHCs in the Fourth District rely heavily on large negotiable certificates of deposit and nondeposit liabilities for funding.
 
 
 
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