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
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.