Negotiable Certificate Of Deposit (NCD)
- Negotiable Certificate Of Deposit (NCD)
- A certificate of deposit with a minimum face value of $100,000. These are guaranteed by the bank and can usually be sold in a highly liquid secondary market, but they cannot be cashed-in before maturity.
Due to their large denominations, NCDs are bought most often by large institutional investors. Institutions often use these as a way to invest in a low-risk, low-interest security.
A Yankee CD would be one example of a NCD.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
NCD — Is A Three Letter Abbreviation Which May Mean: National Creative Director National Capital District (Papua New Guinea) National Church Development National Clandestine Service National Cleavage Day National Coverage Determinations, which help the … Wikipedia
NCD — A T & T Capital Corporation (Business » NYSE Symbols) * Negotiable Certificate of Deposit (Business » General) * Narcotics Control Division (Governmental » Police) * Net Control Device (Governmental » Military) * Not considered disabling (Medical … Abbreviations dictionary
