floating-rate certificate of deposit

Show Summary Details

Quick Reference


A certificate of deposit with a variable interest rate, normally for interbank lending purposes. Commonly bearing a one-year maturity, these certificates have interest rates that may be adjusted (e.g. every 90 days); they are usually expressed in eurodollars at a rate linked to LIBOR.

Subjects: Financial Institutions and Services.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.