Euro Certificate of Deposit

( ECD) Euroclear Clearing and Settlement glossary
The certificate is evidence of a deposit made with a bank, which will be redeemed on the maturity date with interest. The difference between a certificate of deposit and a normal deposit with a bank is that a certificate of deposit is an instrument which can be sold on in the money markets to other investors. Euroclear Clearing and Settlement glossary

Financial and business terms. 2012.

Look at other dictionaries:

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