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Anytime Certificate of Deposit

A certificate of deposit (CD) that allows the depositor (CD holder) to get his/ her money back anytime on a...

Scrip Currency

A "scrip" is a piece of paper (it was also printed on leather, metal, fish-skin parchment) that was originally used...

Yankee CD

An acronym for Yankee certificate of deposit; a negotiable time deposit that is issued in the United States by a...

YCD

An acronym for Yankee certificate of deposit; a negotiable time deposit that is issued in the United States by a...

Secured Deposit

A deposit that is guaranteed by the pledging of security. The bank (depositee) has to guarantee the safety of these...

Repurchase Agreement

A contract which is entered into between a seller and buyer for the temporary sale of securities, such as treasury...

Range Accrual Promissory Note

A type of structured promissory note that has the potential to increase the yield (amount payable) beyond that of a...

Regulatory Arbitrage

The attempt to take advantage of a gap in the regulatory system of a given country. It also includes exploitation...

Relationship Certificate of Deposit

A certificate of deposit (CD) that builds on fostering a special relationship with the holder (depositor) by entitling him to...

Rollover Certificate of Deposit

A short-term certificate of deposit (CD), usually with a 6-month maturity, where the issuer reissues or extends (rolls over) the...