variable-rate certificate of deposit

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Variable-Rate Certificate of Deposit

A certificate of deposit for which the interest rate changes according to some formula at set intervals. Investors use variable-rate certificates of deposit when they want a low-risk investment but expect prevailing interest rates to rise during the life of the CD. See also: Variable-rate bond.

variable-rate certificate of deposit

A certificate of deposit that pays a rate of interest that changes at predetermined intervals according to a specified formula or a key interest rate. This savings instrument is most appropriate if the investor expects short-term interest rates to rise before the certificates mature.
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Al Ahli Bank of Kuwait (ABK) reduced the interest rates of its triple variable-rate certificates of deposit to 18%, to be paid every three months, and 17.
The downtown law firm was paid $177,000 to be the bond counsel for the variable-rate certificates of participation - and it served as risk analyst and advocate for the Belmont project.
NEW YORK -- On the effective date of June 28, 2012, Fitch Ratings will confirm the short-term 'F1' rating assigned to the $50,000,000 Eastern Municipal Water District (EMWD) water and sewer revenue variable-rate certificates of participation, series 2008G (the COPs).
O'Melveny & Myers was paid $177,000 as the bond counsel on the sale of the variable-rate certificates of participation.
SAN FRANCISCO -- As part of its ongoing surveillance, Fitch Ratings has affirmed the City of Glendale Financing Authority, California's variable-rate certificates of participation (COPs) at 'AA'.
O'Melveny & Myers was paid $177,000 as the bond counsel on the November 1997 sale of the variable-rate certificates of participation, which were used to finance Belmont's construction.
The district also faces some refunding risks related to outstanding variable-rate certificates of participation (COPs), which were issued by a predecessor district in anticipation of GO refunding when AV rose to support the bonds.
Also, the city intends to issue $48 million in certificates of participation (COPs), half of which will be structured as variable-rate certificates, and developer fees would first pay debt service on the COPs (estimated at $2 million), with remaining amounts then reducing internal loans.
20, 2010, Fitch Ratings will confirm the short-term rating of 'F1+' assigned to the $55,000,000 City of Raleigh, North Carolina's variable-rate certificates of participation (COPs), series 2004A.
21, 2009, Fitch Ratings will upgrade the short-term rating to 'F1+' from 'F1' and confirm the long-term rating of 'AA+' assigned to Mecklenburg County, North Carolina variable-rate certificates of participation (COPS, or the certificates) (2006 Mecklenburg County).
NEW YORK -- Fitch Ratings will confirm the long-term 'AA' rating and upgrade the short-term rating to 'F1+' for the City of Raleigh, North Carolina variable-rate certificates of participation (COPs) $140,000,000 series 2005B-1 and $48,425,000 series 2005B-2 in connection with the substitution of the liquidity facility currently supporting the series 2005B certificates.
5 million series 2008 variable-rate certificates of participation (COPs), and affirms the 'A' rating for the district's $3.

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