A market-linked CD that has a cap on its rate of return (yield) per year (annual percentage rate- APR). In...

A certificate of deposit (CD) whose interest rate is tied to the performance of a market index, such the S&P500,...

It stands for market-linked certificate of deposit; a certificate of deposit (CD) that is linked to the performance of some market...

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...