brokered deposit
noun[C]
ukusFINANCE
alargeamountofmoneyput into abankthat is made up ofsmalleramountscollectedfromcustomersby abrokerinorderto get ahigherrateofinterest
Examplesofbrokered deposit
brokered deposit
It is possible for a bank to engage in business with no local deposits at all, all funds being brokered deposits.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Previously, banks and thrifts could only have five percent of their deposits be brokered deposits; the race to the bottom caused this limit to be lifted.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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