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.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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References in periodicals archive

Moody's has assigned provisional local and foreign currency (P)Aa3 long-term and definitive Prime -1 short-term ratings to NBAD's $1 billion Negotiable Certificate of Deposits (NCD) programme acting through its Singapore Branch.

Moody's affirms deposit ratings of NBAD, upgrades and withdraws FGB's ratings

Moody's has today also assigned a provisional local and foreign currency (P)Aa3 long-term and definitive local and foreign currency Prime -1 short-term ratings to NBAD's USD 1 billion Negotiable Certificate of Deposits (NCD) programme acting through its Singapore Branch.

Moody's affirms deposit ratings of National Bank of Abu Dhabi, upgrades and withdraws First Gulf Bank deposit ratings

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