Bump-Up CD

Business, Legal & Accounting Glossary

Definition: Bump-Up CD

Bump-Up CD

Full Definition of Bump-Up CD

Bump-up Certificate of Deposit. Financial instrument held for short-term or medium-term investments, which offers investors a one-time right to increase his or her interest rate to the current interest rate until the CD matures. If the investor chooses to do this, and then interest rates decrease, investors are under no obligations to decrease their yield. Investors cannot arbitrarily choose a higher interest rate but must go with what the market is yielding.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Bump-Up CD. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 29, 2021 https://payrollheaven.com/define/bump-up-cd/.
Chicago Manual of Style (CMS):
Bump-Up CD. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/bump-up-cd/ (accessed: November 29, 2021).
American Psychological Association (APA):
Bump-Up CD. PayrollHeaven.com. Retrieved November 29, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/bump-up-cd/

Definition Sources

Definitions for Bump-Up CD are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.