Negotiable Certificate Of Deposit
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Also found in: Acronyms, Encyclopedia.
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The negotiable certificate of deposit (CD) revolutionized the world of finance. Introduced in 1961 by First National City Bank of New York (now Citibank), the flexible CD enabled large banks to quickly and efficiently raise funds for lending. A Negotiable Certificate of Deposit (NCD) is a short-term interest bearing debt issued by the National Bank of Cambodia. It is issued in Khmer riel and U.S. Dollar in order to help commercial banks.
Negotiable Certificate of Deposit
A certificate of deposit of large value that can be bought and sold but not redeemed before maturity. See also: Jumbo CD, Callable CD.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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 for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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Also found in: Acronyms, Encyclopedia.
Negotiable Certificate of Deposit
A certificate of deposit of large value that can be bought and sold but not redeemed before maturity. See also: Jumbo CD, Callable CD.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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 for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
Negotiable Certificate Of Deposit Malaysia
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