b c d e f g h i j k l m n o p q r s t u v w y z search |
TeachMeFinance.com - explain jumbo certificate jumbo certificate -- a certificate of deposit of $100,000 or more, exempt from regulatory interest rate ceilings and usually paying a market rate of interest. Jumbo CDs resulted when the Federal Reserve in 1973 amended Regulation Q to exempt time deposits of $100,000 or more from regulatory interest rate limits.
|