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Certificate of deposit |
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Certificate of depositA certificate, issued by a bank to a depositor, indicating a sum of money has been deposited for a specified term and on which interest is paid.Similar MatchesParticipation CertificatesParticipation CertificatesMortgage securities, rather than mortgages. The advantage of the certificate is that it is readily marketable or pledgeable. Equipment trust certificatesEquipment trust certificatesCertificates issued by a trust that is formed to purchase an asset and lease it to a lessee. When the last of the certificates has been repaid, title and ownership of the asset transfers to the lessee. Equipment Trust CertificateEquipment Trust CertificateIn the US, a type of security, generally issued by a railroad, to pay for new equipment. Title to the equipment, such as a locomotive, is held by a trustee until the notes are paid off. An equipment trust certificate is usually secured by a first claim on the equipment. Project loan certificate (PLC)Project loan certificate (PLC)A primary program of Ginnie Mae for securitizing FHA-insured and coinsured multifamily, hospital, and nursing home loans. Certificate of Accrual on Treasury Securities (CATS)Certificate of Accrual on Treasury Securities (CATS)Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity. Further SuggestionsStock certificatejumbo certificate of deposit Municipal improvement certificate Certificateless municipals Participation certificates (PC) variable rate certificate Certificate of Origin Certificates of Amortized Revolving Debt (CARD) Certificate of deposit (CD) Eurodollar certificate of deposit Negotiated certificate of deposit Certificate Of Title Voting certificate Jumbo certificate of deposit Canceled Certificates Gold certificate Face amount certificate Charge certificate certificate of deduction of tax Land registry certificate share certificate Certificates of Automobile Receivables (CAR) Strip mortgage participation certificate (strip PC) Receivers certificate Guaranteed Mortgage Certificates (GMC) |
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