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What is Certificate of Deposit?

Posted in Glossary by Johns Wu
January 13, 2008 12:29 AM - 1 Comments

Certificate of Deposit

A CD is a document released by a bank stating that a party has a specified sum on deposit. Certificate of deposit can be purchased from brokers as brokered deposit. These certificates usually cover a specific period of time at a fixed interest rate. Certificates of Deposit can either be negotiable or non-negotiable. Negotiable CDs can be traded actively in derivative markets while a non-negotiable certificate of deposit is usually protected by federal deposit insurance. See more about CD (certificate of deposit) interest rates.

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