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Brokered Deposit

What Does Brokered Deposit Mean?
A large-denomination deposit similar to a certificate of deposit.

Investopedia explains Brokered Deposit
A brokered deposit is sold by a bank to a brokerage, which then divides it into smaller pieces for sale to its customers.

Related Terms

Broker
Certificate Of Deposit - CD
Deposit Broker
More Related Terms

Related Links

Getting To Know The Money Market - If you need liquidity and safety on a sum of money, don't forgo potential interest by keeping the funds as cash.
Are certificates of deposit a kind of bond?
When Wholesale Funding Goes Bad - The wholesale funding process is extremely dependent on the credit markets. Therefore, it is not always the best option for a business.

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