BROKERED DEPOSITS
\bɹˈə͡ʊkəd dɪpˈɒsɪts], \bɹˈəʊkəd dɪpˈɒsɪts], \b_ɹ_ˈəʊ_k_ə_d d_ɪ_p_ˈɒ_s_ɪ_t_s]\
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Deposits placed in a savings institution by a broker. The broker gathers funds from others and packages the funds in batches of $100,000. The broker then shops for thrift institutions paying the highest rates and takes out multiple jumbo ($100,000) certificates of deposit.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.