A time DEPOSIT issued by a BANK to a depositor that pays a fixed or variable INTEREST RATE; in most instances the deposit represents a senior, unsecured LIABILITY of the issuing bank. A CD may be issued onshore or offshore in any one of several currencies, with a final maturity ranging from 1 week to 10 years. Certain CDs (i.e., NEGOTIABLE CDs) can be actively traded in the SECONDARY MARKET. See also FLOATING RATE CERTIFICATE OF DEPOSIT, LOCKUP CERTIFICATE OF DEPOSIT.
What is CERTIFICATE OF DEPOSIT (CD)?
- FLOATING RATE CERTIFICATE OF DEPOSIT (FRCD)
- LOCK-UP CERTIFICATE OF DEPOSIT (CD)
- NEGOTIABLE CERTIFICATE OF DEPOSIT (CD)
- NEGOTIABLE CERTIFICATE OF DEPOSIT (NCD)
- BROKERED CERTIFICATE OF DEPOSIT (CD)
- CERTIFICATE OF DEPOSIT
- TIME DEPOSIT
- SAVINGS CERTIFICATE
- MONEY MARKET CERTIFICATE (MMC)
- MONEY MARKET DEPOSIT ACCOUNT
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