NEGOTIABLE CERTIFICATE OF DEPOSIT Definition

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NEGOTIABLE CERTIFICATE OF DEPOSIT is a security generally issued in increments of $1 million and, if created in good delivery form, salable in the national market through a securities dealer or a bank investment depart­ment prior to maturity.

Learn new Accounting Terms

WRITE-DOWN is the reduction in the book value of an asset.

OPERATING TRANSFER specifically identifies the transfer of resources from one fund/account to another made to support the normal level of operations of the receiving fund/account.

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