E
   
   Equity-Linked Certificate of Deposit (EL...
   















 

E

Equity-Linked Certificate of Deposit (ELCD or ECD)

A variation on the equity-linked note with a bank as the issuer. In the United States these instruments usually carry FDIC deposit insurance and the issuer may impose a penalty for early withdrawal. Ordinarily, an ELCD does not trade in a secondary market. See Equity-Linked Note (ELN) (diagrams). See also Market-Linked CD, Market Index Deposits (MIDs).

Glossary * E