Mortgage Information | Student Loans | Auto Loans
Mortgage and Loan Terms Glossary | Doc Loan Home
Free Loan Advice and Financial Information  
Browse by Letter

Loan and Mortgage Terms Glossary

Jumbo Certificate:

A certificate of deposit of $100,000 or more, exempt from regulatory interest rate ceilings and usually paying a market rate of interest. Jumbo cds resulted when the federal reserve in 1973 amended regulation q to exempt time deposits of $100,000 or more from regulatory interest rate limits.

Contact | Advertising Information | Other Resources

Copyright 2002-2006