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.
 Cite this definition
'negotiable certificate of deposit
' appears in the definitions of these terms on BusinessDictionary.com
money market fund (MMF)
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