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Variable Rate CD

A certificate of deposit (CD) that pays a variable interest rate. In other words, the rate adjusts upward or downward...

Discount CD

A certificate of deposit (CD) that pays no periodic interest to the holder. However, its return comes from it being...

APR

An abbreviation for annual percentage rate; it is the interest rate (charged for borrowing or made by investing) as calculated...

Designer CD

A certificate of deposit (CD) that is tailor-made to accommodate the varying needs of engaged depositors. Thanks to the non-standard...

HEL

An abbreviation for home equity loan; a type of high risk loan which is designed to facilitate lending secured by...

IO Loan

It stands for interest-only loan; a form of loan in which the borrower only pays interest over the loan's life,...

Roly-Poly CD

Colloquial for rollover CD; a short-term certificate of deposit (CD), usually with a 6-month maturity, where the issuer reissues or...

FCP

An abbreviation for financial commercial paper; a commercial paper that is issued by financial institutions such as banks or insurance...

Foreign Currency CD

A certificate of deposit (CD) that is issued or denominated in a foreign currency or a basket of foreign currencies (a currency/...

Market-Linked CD

A certificate of deposit (CD) that is linked to the performance of some market variable, specifically the price of a stock or a basket of...