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Brokered CD |
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Brokered CDA certificate of deposit issued by a bank or thrift institution bought by a brokerage firm in bulk for the purpose of reselling to brokerage customers. A broker CD features a higher interest rate, usually 1% higher, and is FDIC insured and do not usually have commissions.Brokered CD Similar MatchesBrokered marketBrokered marketA market in which an intermediary offers search services to buyers and sellers. |
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