jumbo certificate of deposit

Jumbo certificate of deposit

A certificate of deposit in increments of $100,000.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Jumbo Certificate of Deposit

A certificate of deposit of large value, usually more than $1 million, that can be bought and sold, but not redeemed before maturity. See also: Negotiable CD.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

jumbo certificate of deposit

A certificate of deposit with a denomination of $95,000 or more. Jumbo certificates of deposit are negotiable and ordinarily carry slightly higher interest rates than smaller certificates.
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.
References in periodicals archive ?
However, that image of a jumbo certificate of deposit with four walls and a roof didn't always play out when it came time to sell.