Jumbo CD

Jumbo CD
A certificate of deposit (CD) with a minimum denomination of $100,000. Jumbo CDs have higher denominations than regular certificate of deposits, and allow investors to deposit a certain amount of money and receive interest. These investments are considered low-risk, stable investments for large investors. They typically pay interest at a higher rate than lower denomination CDs.

Jumbo CDs are typically bought and sold by large institutional investors, such as banks and pension funds, because of the high minimum denomination. Investors are mainly compensated for not having access to their money over the contract period. The longer the time period and the higher the denomination, the higher the interest rate will be.

Investment dictionary. . 2012.

Look at other dictionaries:

  • jumbo — jumbo …   Dictionnaire des rimes

  • Jumbo — The Elephant (1861 September 15, 1885) was a very large African bush elephant, born 1861 in French Sudan, imported to a Paris zoo, transferred to the London Zoo in 1865, and sold in 1882 to P. T. Barnum, for the circus. The giant elephant s name… …   Wikipedia

  • Jumbo — (homonymie) Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. Jumbo est un éléphant célèbre du XIXe siècle. Jumbo est une entreprise suisse Jumbo est un ancien périodique de bande dessinée Jumbo est un… …   Wikipédia en Français

  • jumbo — jum‧bo [ˈdʒʌmbəʊ ǁ boʊ] adjective [only before a noun] larger than the usual size: • Jumbo loans carry higher interest rates than smaller loans. * * * Ⅰ. jumbo UK US /ˈdʒʌmbəʊ/ adjective [only before noun] ► much larger than the usual size: »a… …   Financial and business terms

  • Jumbo — er den mest berømte elefant gennem tiderne og har givet navn til begrebet jumbojet. Jumbo var en afrikansk elefant, født i Fransk Sudan omkring 1861. Jumbo blev importeret til Frankrig og holdt i den zoologiske have Jardin des Plantes nær Gare de …   Danske encyklopædi

  • jumbo — ● jumbo nom masculin (américain jumbo, surnom de l éléphant) Chariot à portique supportant des perforatrices et servant au forage des trous de mine pour l abattage des roches ou au forage des trous de boulonnage pour le soutènement. ⇒JUMBO, subst …   Encyclopédie Universelle

  • jumbo — (adj.) very large, unusually large for its type, 1882, a reference to Jumbo, name of the London Zoo s huge elephant (acquired from France, said to have been captured as a baby in Abyssinia in 1861), sold February 1882 to U.S. circus showman P.T.… …   Etymology dictionary

  • Jumbo — puede referirse a: Jumbo el famoso elefante del circo de Ringling Brothers and Barnum Bailey; La cadena de supermercados chilena Jumbo; Al grupo mexicano de rock en español, Jumbo; La aeronave Boeing 747. Esta página de desambiguación cataloga ar …   Wikipedia Español

  • jumbo — JÚMBO s.n. Vehicul de transportat perforatoarele de forare în mine sau în străpungerile subterane. [pron. gium . / < americ., fr. jumbo – nume glumeţ dat unui elefant]. Trimis de LauraGellner, 12.05.2005. Sursa: DN  JUMBO GIÁM BO/ s. n.… …   Dicționar Român

  • jumbo — informal ► NOUN (pl. jumbos) 1) a very large person or thing. 2) a jumbo jet. ► ADJECTIVE ▪ very large. ORIGIN probably the second element of MUMBO JUMBO(Cf. ↑mumbo jumbo) …   English terms dictionary

  • jumbo — o jumbo jet /dʒumboˈdʒɛt, dʒamboˈdʒɛt, ingl. ˈdʒʌmbəud jɛt/ [dal nome Jumbo dato a un elefante portato a Londra da Barnum] s. m. inv. boeing (ingl.) …   Sinonimi e Contrari. Terza edizione

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