Brokered CD

What is Brokered CD?

Brokered CD meaning in finance terminology / glossary / dictionary is:
A brokerage, or brokered, CD is a time deposit sold to individual investors by a brokerage firm, and can be traded on the secondary market. An investor might sell the CD prior to maturity without an interest penalty, but the sales price will depend on the time remaining until maturity, as well as other factors.

 

reference: MortgageLoan.com

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