Term:
Negotiable time certificate of deposit
Definition:

A deposit evidenced by a negotiable instrument, which provides on its face that the amount of the deposit is payable to the bearer or to his order on a certain date, after a certain specified time, upon notice in writing or upon presentation and surrender of the instrument, not less than thirty days after the date of the deposit.

Domain:
Finance
Source:
World Bank: Glossary of Finance and Debt
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