The deposit claims are known as negotiable certificates of deposit
A bank certificate of deposit (CD) is a secured type of time-bound deposit and a unique type of low-risk savings account where money is kept with the bank for a set amount of time in exchange for a higher interest rate. Because the banks invest the money in a business, it typically offers its holder a better interest rate than a standard savings account.
A negotiable certificate of deposit is a form of a certificate of deposit with a minimum face or par value of $100,000 that cannot be redeemed before its maturity date, preventing the holder from taking money out of the account before that time. Thus, a negotiable certificate of deposit is an interest-bearing time deposit issued by a bank that is marketable and has a predetermined maturity date as well as a specified interest rate.
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