A Certificate of Deposit issued by a bank or thrift institution bought by a brokerage firm in bulk for the purpose of reselling to brokerage customers. A Broker CD features a higher interest rate , usually 1% higher, and is FDIC and are without commissions .
BROKERED CD
Meaning of BROKERED CD in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012