For a ________, the initial depositor must wait until the maturity date of the CD to obtain the funds.

Name: For a ________, the initial depositor must wait until the maturity date of the CD to obtain the funds.
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A nonnegotiable CD is a type of certificate of deposit that cannot be sold or transferred to another individual. This means that the initial depositor must wait until the maturity date of the CD to obtain the funds, as the CD cannot be redeemed or withdrawn prior to that date.

For a ________, the Initial Depositor Must Wait Until the Maturity