BROKERED CD


Meaning of BROKERED CD in English

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 .

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.