Definition of Negotiable Certificate of Deposit

A certificate issued by a bank for a time deposit in excess of $100,000 which can be exchanged between parties prior to its maturity date. FDIC insurance only covers the first $100,000 of the principal amount should the bank fail.

Applying "Negotiable Certificate of Deposit" to Securities Exams:

Preparing for an Exam?

Receive 15% off all your Securities Exam Prep materials

Please wait....