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Glossary > L > "Lock-up CDs" Definition

Lock-up CDs

C.D.s that are issued with the tacit understanding that the buyer will not trade the certificate. Quite often, the issuing bank will insist that the certificate be safekept by it to ensure that the understanding is honored by the buyer.

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Lock-up CDs - C.D.s that are issued with the tacit understanding that the buyer will not trade the certificate. Quite often, the issuing bank will insist that the certificate be safekept by it to ensure that the understanding is honored by the buyer.

Lock-up CDs : c.d.s that are issued with the tacit understanding that the buyer will not trade the certificate. quite often, the issuing bank will insist that the certificate be safekept by it to ensure that the understanding is honored by the buyer.