Certificate of Deposit (COD)
A secured-by-the-bank promissory "IOU" note, usually with a fixed maturity date and fixed interest rate.
CDs are generally shorter term "paper," and most volume in CDs mature within the next three years or less.
A secured-by-the-bank promissory "IOU" note, usually with a fixed maturity date and fixed interest rate.
CDs are generally shorter term "paper," and most volume in CDs mature within the next three years or less.