Final answer:
Negotiable Certificates of Deposit (NCD) are also known as Time Certificates of Deposit (CD). They are financial assets that offer higher interest rates than regular savings accounts.
Step-by-step explanation:
Negotiable Certificates of Deposit (NCD) are also known as Time Certificates of Deposit (CD). A certificate of deposit (CD) is a financial asset that allows savers to deposit a certain amount of money in a bank for a specified period of time, typically ranging from a few months to several years. In exchange for keeping the money deposited for the agreed-upon duration, banks offer higher interest rates than regular savings accounts.