Interest+certificate
81Face-Amount Certificate Company — A type of investment firm that issues debt securities to its investors. These securities are called face amount certificates and are backed by security interest on assets such as real property or other securities. This is similar in nature to… …
82savings certificate — a certificate of deposit for a specific sum of money in a savings account, esp. a deposit for a fixed term at a specified interest rate. [1915 20] * * * …
83Treasury certificate — an obligation of the U.S. government represented by certificates in denominations ranging from $1000 to $1,000,000, maturing in one year or less with interest periodically payable by the redemption of coupons. Also, treasury certificate. [1785… …
84All Savers Certificate — A type of nontaxable certificate of deposit account with a duration of one year that was used primarily by thrift institutions to build funds for mortgage lending. All Savers Certificates were authorized by the Economic Recovery Tax Act of 1981.… …
85Brokered Certificate Of Deposit — A certificate of deposit (CD) that is purchased through a brokerage firm, or from a sales representative other than a bank. The bank is still the initiator of the CD, but has outsourced to firms that strive to locate potential investors. A higher …
86Fixed-Rate Certificate of Deposit — A certificate of deposit (CD) which has a set interest rate to be paid throughout the entire lilfe of the investment. There are many types of fixed rate CDs, such as liquid CDs, brokered CDs, callable CDs and traditional CDs. This a great… …
87Liquid Certificate Of Deposit — A certificate of deposit (CD) that allows withdrawls to be made, without penalty, from the account. The major upside to this type of CD is that your money is accessible to you if you need it throughout the term. The downside is that the interest… …
88Mortgage Participation Certificate — A type of security that groups together Freddie Mac conventional mortgages. These certificates are guaranteed by Freddie Mac and are taxable by federal, state and the local government. These certificates are also referred to as pass through… …
89Negotiable Certificate Of Deposit (NCD) — A certificate of deposit with a minimum face value of $100,000. These are guaranteed by the bank and can usually be sold in a highly liquid secondary market, but they cannot be cashed in before maturity. Due to their large denominations, NCDs are …
90One-Day Certificate — A type of temporary financing used by the U.S. Treasury. One day certificates are interest bearing and are used when the Treasury must borrow from the Federal Reserve System. These certificates are a type of Special Certificate that is issued to… …
