negotiable certificate of deposit

Definition

A CD with a very large denomination, usually $1 million or more. These are usually bought by institutional investors who are interested in low-risk investments. Negotiable certificates of deposit are usually in bearer form, and have secondary markets that are highly liquid. also called jumbo CD.

Use this term in a sentence

The investor bought a negotiable certificate of deposit due to it being a low risk way to invest his money.

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You may want to try and take on a negotiable certificate of deposit that may give you a bit more flexibility.

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The negotiable certificate of deposit was the best option for the successful businessman who had millions of dollars to invest.

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negotiable negotiable instrument