negotiable certificate of deposit


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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 ?
Moody's has assigned provisional local and foreign currency (P)Aa3 long-term and definitive Prime -1 short-term ratings to NBAD's USD 1 billion Negotiable Certificate of Deposits (NCD) programme acting through its Singapore Branch.
Moody's has 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.
To absorb idle capital in the market, the central bank here has kept issuing negotiable certificate of deposits (NCD) and is planning to auction 364-day NCDs worth NT$100 billion (US$3.