Warning: Creating default object from empty value in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/plugins/independent-core/admin/ReduxCore/inc/class.redux_filesystem.php on line 29 Yankee Certificate of Deposit – Fincyclopedia
[wpdreams_ajaxsearchpro id=44 ]
  • Monday, April 28, 2025
  • The Financial Encyclopedia
[wpdreams_ajaxsearchpro id=43 ]

Banking

  Banking   |   Terms
  • 694
  • July 8, 2020
[addtoany]
Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/template-parts/post/content-single.php on line 41

Yankee Certificate of Deposit

A negotiable time deposit (CD) that is issued in the United States by a foreign borrower, usually in denominations of $1 million to $5 million. A Yankee CD (YCD) is payable to the bearer in the U.S. by the branch office of a foreign bank. It pays a fixed or variable rate of interest for a specified maturity, usually 12 months and less. It is sold directly by issuers or through dealers. Characteristically, it represents an unsecured obligation of the issuer.


[related_posts_by_tax title="See also" posts_per_page="10" taxonomies="post_tag"]

[pt_view id=ee4674bifl]
[su_box title="Watch on Youtube" style="soft" box_color="#f5f5f5" title_color="#282828" radius="2" class="" id=""][su_row class=""][su_column size="1/1" center="yes" class=""] [/su_column][/su_row][/su_box]

Latest Terms

      Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

      Comments

        Leave Your Comment

        Your email address will not be published.*