| 单词 | floating-rate certificate of deposit |
| 释义 | floating-rate certificate of deposit floating-rate certificate of deposit(FRCD) 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. |
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