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A negotiable certificate of deposit A. is a bearer instrument, meaning whoever holds the certificate at maturity receives the principal and interest. B. can be bought and sold until maturity. C. is a term security because it has a specified maturity date. D. all of the above.

User Saun Jean
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Answer: Option D

Explanation: A Negotiable Deposit Certificate refers to a $100,000 initial face value deposit contract. These are lent by a bank and therefore can typically be offered on a highly liquid resale market,although before completion of maturity period they can not be cashed in.

An NCD is brief-term, varying from two weeks and a year. Cost will be charged at completion or the unit will be bought at a discount over its face value. Rates of interest are trad-able, and an NCD's yielding depends on the circumstances of the stock market.

Thus, from the above we can conclude that the correct option is D.

User Avgbody
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