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.
Link to This DefinitionDid you find this definition of NEGOTIABLE CERTIFICATE OF DEPOSIT (CD) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary