Fixed-Rate Certificate of Deposit
- Fixed-Rate Certificate of Deposit
- A certificate of deposit (CD) which has a set interest rate to be paid throughout the entire lilfe of the investment. There are many types of fixed rate CDs, such as liquid CDs, brokered CDs, callable CDs and traditional CDs.
This a great investment for receiving the security of knowing exactly what you are going to get in the end. It is great for the conservative investor who still wants a bit of choice in how the investment is coordinated.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Certificate of deposit — This article is specific to the United States. For a more general article, see Time deposit. Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account … Wikipedia
certificate of deposit — ( CD) A time deposit with a specific maturity evidenced by a certificate. Chicago Board of Trade glossary ( CD) A large time deposit with a bank, having a specific maturity date and yield stated on the certificate. CDs usually are issued with… … Financial and business terms
certificate of deposit — certificate of deposit: a money market bond of a preset face value (as $10,000) paying fixed interest and redeemable without penalty only on maturity (as after two years) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. certificate of… … Law dictionary
certificate of deposit — a written acknowledgment of a bank that it has received from the person named a specified sum of money as a deposit, often for a fixed term at a specified interest rate. Abbr.: CD, C.D. * * * ▪ finance a receipt from a bank acknowledging… … Universalium
Certificate Of Deposit - CD — A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are generally issued by commercial banks and are insured by the FDIC. The term… … Investment dictionary
certificate of deposit — noun a) A type of bank account representing a time deposit, which is insured, with a specific, fixed term, and, usually, a fixed interest rate. b) The certificate issued to the holder of such an account, verifying that he owns it … Wiktionary
Certificate Of Deposit Index - CODI Index — The 12 month average of the most recently published dealer bid rates (yields) on nationally traded three month certificates of deposit as reported in the H.15 Federal Reserve Statistical Release. The yields are annualized using a 360 day year.… … Investment dictionary
Callable Certificate Of Deposit — An FDIC insured certificate of deposit (CD) that contains a call feature similar to other types of callable fixed income securities. Callable CDs can be redeemed (called away) by the issuing bank prior to their stated maturity, usually within a… … Investment dictionary
negotiable certificate of deposit — (CD) Security issued by large commercial banks and other depository institutions as a short term source of funds; it typically specifies a fixed interest rate and has a maturity of one year or less … Black's law dictionary
negotiable certificate of deposit — (CD) Security issued by large commercial banks and other depository institutions as a short term source of funds; it typically specifies a fixed interest rate and has a maturity of one year or less … Black's law dictionary
