Negotiated certificate of deposit

Negotiated certificate of deposit

A large-denomination CD, generally $1MM or more, that can be sold but cannot be cashed in before maturity.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved