The date when
the issuer of a certificate of deposit (CD) or bond agrees to repay the principal, or face value, to the buyer.
Not exact matches
a government, corporation, municipality, or agency that has issued a security (e.g., a bond) in order to raise capital or to repay other debt; the
issuer goes to an underwriter to get their securities sold in the new issue market; for
certificates of deposit (CDs), this is the bank that has issued the CD; in the case
of fixed income securities, the
issuer of the security is the primary determinant
of the security's characteristics (e.g., coupon interest rate, maturity, call features, etc..)
Assets are invested in any eligible U.S. dollar - denominated money market instruments as defined by applicable U.S. Securities and Exchange Commission regulations (Rule 2a - 7
of the Investment Company Act
of 1940), including all types listed above as well as commercial paper,
certificates of deposit, corporate notes, and other private instruments from domestic and foreign
issuers, as well as repurchase and potentially reverse repurchase agreements.
The investment objective
of the Scheme is to provide reasonable returns and high level
of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers,
certificates of deposit, including repos in permitted securities
of different maturities, so as to spread the risk across different kinds
of issuers in the debt markets.
Filed Under: Saving Tagged With: CD ladder, CD rates,
certificate of deposit Editorial Disclaimer: Opinions expressed here are author's alone, not those
of any bank, credit card
issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any
of these entities.
The
issuer agrees to pay the amount
deposited plus interest to the bearer
of the receipt on the date specified on the
certificate.
Filed Under: Investing Tagged With: CD ladder, cds,
certificate of deposit, Investing Editorial Disclaimer: Opinions expressed here are author's alone, not those
of any bank, credit card
issuer, airlines or hotel chain, or other advertiser and have not been reviewed, approved or otherwise endorsed by any
of these entities.
«Treasury bills don't quite pay what secondary
certificates of deposit (CDs) pay, but you don't have
issuer risk,» Yorke says.