Meaning BROKERED CD: 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 insured and do not usually have commissions
More terms such as Brokered CD in Dictionary B.
- Definition Broad Tape:
- Examples An expanded version of the ticker tape, which is displayed on a screen in the board room of a brokerage firm and shows constantley updated financial information and news brokered cd definition.
- Definition Baker Plan:
- Examples S. Treasury Secretary James Baker under which 15 principal middle-income debtor countries (the Baker 15) would undertake growth-oriented structural reforms, to be supported by increased financing brokered cd explain.
- Definition Boston Exchange Automated Communication Order-Routing Network (BEACON):
- Examples This system permits the automatic execution of trades based on the current stock prices on the consolidated markets at any of the U.S. securities exchanges brokered cd what is.
- Definition Broker:
- Examples is paid a commission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders. Also brokered cd meaning.
- Definition Base Period:
- Examples A particular period of time used for comparative purposes when measuring economic data brokered cd abbreviation.
