Definitions for "Certificate of deposit index"
An index based on the interest rate of six month CD's. Used to set interest rates on some Adjustable Rate Mortgages.
12 month average of the most recently published monthly yields of 3 month certificate of deposits as published by the Federal Reserve Board.
An index that is tied to the interest rate of Certificate of Deposits used to establish interest rates for Adjustable Rate Mortgages (ARMs).
Keywords:  eligibility
Certificate Of Eligibility