negotiable certificate of deposit

(redirected from Negotiated Certificates of Deposit)

Negotiable Certificate of Deposit

A certificate of deposit of large value that can be bought and sold but not redeemed before maturity. See also: Jumbo CD, Callable CD.

negotiable certificate of deposit

A large denomination ($100,000 and larger) certificate of deposit that is issued in bearer form and that can be traded in the secondary market. Negotiable CDs appeal mainly to companies and institutional investors interested in low-risk investments with a high degree of liquidity. See also money market.
References in periodicals archive ?
Also improving the margin was additional long-term debt, which has a lower rate of interest than the short-term negotiated certificates of deposits these funds replaced.