Search
Generic filters
Filter by Categories
Accounting
Banking

Banking




Basket-Linked Certificate of Deposit


A certificate of deposit (CD) that links the rate of return (yield) to the performance of a basket of stocks. The basket may be an individual set of underlying shares (tailor-made by the issuing bank) or an index (published by an exchange). It ties the rate of return to the price changes of the underlying basket over the term of the certificate.



ABC
Banking is an integral part of the modern financial system and plays an important role in an economy. It basically involves the so-called intermediation (e.g., ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*