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negotiable certificate of deposit

 - 2 dictionary results
Certificate of Deposits
Open an Ally Bank High Yield CD. Earn Up to 3.10% APY, FDIC Insured!
www.Ally.com/Bank/CDs
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FDIC-Insured CDs
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Financial Dictionary

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.

Investopedia Commentary

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.

Related Links

Money Market Tutorial
Getting To Know The Money Market

See also: Banker's Acceptance, Certificate of Deposit, Face Value, Institutional Investor, Maturity Date, Money Market, Promissory Note, Secondary Market, Yankee CD

Also spelled: negotiable CDNCD

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Cite This Source
Certificate of Deposits
Open an Ally Bank High Yield CD. Earn Up to 3.10% APY, FDIC Insured!
www.Ally.com/Bank/CDs
VeriSign - Official Site
The leading SSL authority enabling secure e-commerce and communication
www.VeriSign.com
Financial Dictionary

negotiable certificate of deposit

A large denomination ($100,000 and larger) certificate of deposit that is issued in bearer form and that can be traded in the secondary market. Negotiable CDs appeal mainly to companies and institutional investors interested in low-risk investments with a high degree of liquidity. See also money market.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
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FDIC-Insured CDs
Keep An Accessible Cash Reserve With Competitive Ameriprise CDs.
ameriprise.com/CDs
Certificate Of Deposit
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