A floating-rate certificate of deposit (FRCD) that is denominated in US dollars but provided by non-US banking institutions. Unlike a Eurodollar CD however, these instruments are characterized by their varying interest rates which are adjusted periodically when LIBOR changes.
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 certificate of deposit with a longer-term maturity date. Such CDs can range in   length from one year to ten years, though the most popular term certificates.
 
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