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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. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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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.