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Finance Dictionary and Glossary of Investment Terms
Jumbo CD
Definition 1.
A certificate of deposit (CD) for $100,000 more.
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Definition 2.
A CD with a very large denomination, usually $1 million or more. These are usually bought by institutional investors who are interested in low-risk investments. Jumbo CDs are usually in bearer form, and have secondary markets that are highly liquid. also called negotiable certificate of deposit.
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