Certificate of deposit index

Certificate of deposit index

An index based on the interest rate of six month CD's. Used to set interest rates on some Adjustable Rate Mortgages.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
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Related terms

certificate of deposit index

Real estate; General

An index based on the interest rate of six month CD's. Used to set interest rates on some Adjustable Rate Mortgages.

certificate of deposit index

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An index based on the interest rate of six month CD's. Used to set interest rates on some Adjustable Rate Mortgages.

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