Negotiable Certificate Of Deposit (NCD)

A certificate of deposit with a minimum face value of $100,000. These are guaranteed by the bank and can usually be sold in a highly liquid secondary market, but they cannot be cashed-in before maturity.

Due to their large denominations, NCDs are bought most often by large institutional investors. Institutions often use these as a way to invest in a low-risk, low-interest security.

A Yankee CD would be one example of a NCD.


Investment dictionary. . 2012.

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  • じょうとかのうていきよきんしょうしょ — じょうとかのうていきよきんしょうしょ【譲渡可能定期預金証書】 〔(negotiable)certificate of deposit〕 第三者に預金の譲渡が可能な自由金利預金。 アメリカで導入され, 日本では1979年(昭和54)に創設された。 譲渡性預金。 NCD 。 CD 。 …   Japanese explanatory dictionaries

  • 譲渡可能定期預金証書 — じょうとかのうていきよきんしょうしょ【譲渡可能定期預金証書】 〔(negotiable)certificate of deposit〕 第三者に預金の譲渡が可能な自由金利預金。 アメリカで導入され, 日本では1979年(昭和54)に創設された。 譲渡性預金。 NCD 。 CD 。 …   Japanese explanatory dictionaries

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