The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

NEGOTIABLE CERTIFICATE OF DEPOSIT (CD) Definition & Legal Meaning

Definition & Citations:

A CD that is short-term, 2 to 52 weeks, and of a large denomination, $100,000 minimum. Negotiable CDs issued by large banks are freely traded in secondary markets. It is typically issued at either a fixed interest rate payable at maturity or a discount on its par value.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.