The Law Dictionary

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NEGOTIABLE CERTIFICATE OF DEPOSIT (CD) Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

A CD that is short-term, 2 to 52 weeks, and of a large denomination, $100,000 minimum. Negotiable CDs issued by large banks are freely traded in secondary markets. It is typically issued at either a fixed interest rate payable at maturity or a discount on its par value.

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