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jumbo cd

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Financial Dictionary

Jumbo CD

A certificate of deposit (CD) with a minimum denomination of $100,000.

Investopedia Commentary

Jumbo CDs are typically bought and sold by large institutional investors, such as banks and pension funds, because of the high minimum denomination.

Related Links

Money Market Tutorial
Institutional Investors And Fundamentals: What's The Link?

See also: Certificate of Deposit, Elephants, Institutional Investor, Jumbo Loan, Retail Investor, Yankee CD

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