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Glossary > J > "Jumbo certificate of deposit" Definition

Jumbo certificate of deposit

In the US, this is a certificate of deposit with a denomination of $100,000 and above. They are usually purchased by large institutions such as banks and insurance companies.

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Jumbo certificate of deposit - In the US, this is a certificate of deposit with a denomination of $100,000 and above. They are usually purchased by large institutions such as banks and insurance companies.

Jumbo certificate of deposit : in the us, this is a certificate of deposit with a denomination of $100,000 and above. they are usually purchased by large institutions such as banks and insurance companies.