|Certificate of deposit (CD)|
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: financial advisor, investment, money, business, stock trading, accounting, financial, inventory control,
Definition of Certificate of deposit (CD)
Certificate of deposit (CD)
Also called a time deposit, this is a certificate issued by a bank or thrift that
Certificate of Deposit (CD)
A bank deposit that cannot be withdrawn for a specified period of time. See also term deposit.
certificates issued by a U.S. depositary bank, representing foreign
A bull cd pays its holder a specified percentage of the increase in return on a specified
Better known as cdIC, this is an organization which insures qualifying deposits and GICs at savings institutions, mainly banks and trust companys, which belong to the cdIC for amounts up to $60,000 and for terms of up to five years. Many types of deposits are not insured, such as mortgage-backed deposits, annuities of duration of more than five years, and mutual funds.
The formal name for the load of a back-end load fund.
A bank deposit that can be withdrawn on demand, such as a deposit in a checking account.
Checking accounts that pay no interest and can be withdrawn upon demand.
The process whereby the banking system transforms a dollar of reserves into several dollars of money supply.
Central bank switching of government deposits between the central bank and commercial banks.
Check made out directly by a local bank to a particular firm or person.
DTC is a user-owned securities depository which accepts deposits of
The direct transfer of payroll funds from the company bank account
A system where funds are electronically credited to your account by a financial institution or a payroll service. For example, you can arrange with your employer to have your pay cheques automatically deposited into your no fee bank account.
The transfer of funds between bank accounts through the Automated
certificates issued by a trust that was formed to purchase an asset and lease it
cds issued by a U.S. bank branch or foreign bank located outside the U.S. Almost all Euro cds
A short-term fixed rate time deposit denominated in a currency other than the local
Federal Deposit Insurance Corporation (FDIC)
A federal institution that insures bank deposits.
GMCs (guaranteed mortgage certificates)
First issued by Freddie Mac in 1975, GMCs, like PCs, represent
Guaranteed Interest Certificate (GIC)
Interest bearing investment with fixed rate and term.
guaranteed investment certificate (GIC)
A GIC is an investment that gives you a guaranteed rate of return over a fixed period of time, usually between 30 days and 5 years. GICs are available from banks, trust companies, and other financial institutions.
International Depository Receipt (IDR)
A receipt issued by a bank as evidence of ownership of one or more
cds that are issued with the tacit understanding that the buyer will not trade the certificate.
A book-entry depository for GNMA securities. The depository was initially operated by
Multiple Deposit Creation
The process whereby the money multiplier operates.
Negotiated certificate of deposit
A large-denomination cd, generally $1MM or more, that can be sold but
See term deposit.
Organization for Economic Cooperation and Development, consisting of most of the world's developed economies.
pre-authorized direct deposit
A system where funds are electronically credited to your account by a financial institution or a payroll service.
Project loan certificate (PLC)
A primary program of Ginnie Mae for securitizing FHA-insured and coinsured
Accounts that pay interest, typically at below-market interest rates, that do not have a
Security deposit (initial)
Synonymous with the term margin. A cash amount of funds that must be deposited
Security deposit (maintenance)
Related: Maintenance margin security market line (SML). A description of
A document that identifies a stockholder’s ownership share in a corporation.
Strip mortgage participation certificate (strip PC)
Ownership interests in specified mortgages purchased
An interest-earning bank deposit that cannot be withdrawn without penalty until a specific time.
Interest-bearing deposit at a savings institution that has a specific maturity.
See term deposit.
Variable rate CDs
Short-term certificate of deposits that pay interest periodically on roll dates. On each roll
cd issued in the domestic market, typically New York, by a branch of a foreign bank.
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.