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Designer CD

A certificate of deposit (CD) that is tailor-made to accommodate the varying needs of engaged depositors. Thanks to the non-standard...

HEL

An abbreviation for home equity loan; a type of high risk loan which is designed to facilitate lending secured by...

IO Loan

It stands for interest-only loan; a form of loan in which the borrower only pays interest over the loan's life,...

Roly-Poly CD

Colloquial for rollover CD; a short-term certificate of deposit (CD), usually with a 6-month maturity, where the issuer reissues or...

FCP

An abbreviation for financial commercial paper; a commercial paper that is issued by financial institutions such as banks or insurance...

Foreign Currency CD

A certificate of deposit (CD) that is issued or denominated in a foreign currency or a basket of foreign currencies (a currency/...

Market-Linked CD

A certificate of deposit (CD) that is linked to the performance of some market variable, specifically the price of a stock or a basket of...

Zero-Coupon CD

A certificate of deposit (CD) that can be purchased at a deep discount to its par value. At maturity, its holder can...

Add-on CD

A certificate of deposit (CD) that allows its holder, and contrary to most types of CDs, to deposit more money into the...

No-Penalty CD

A certificate of deposit (CD) that allows its holder (the depositor) to early withdraw the funds, partially or wholly, before maturity of...