Yankee CD

(redirected from Yankee Certificate of Deposit)

Yankee CD

A CD issued in the domestic market, typically New York, by a branch of a foreign bank.

Yankee CD

A foreign certificate of deposit denominated in U.S. dollars and issued in the United States. In order to raise capital from American investors, a non-American company may choose to issue a CD in the United States. See also: Yankee bond.