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certificate of deposit index (CODI)

One way to determine changing interest rates on some adjustable-rate mortgages. It is an annual average of the rate that banks pay on certificates of deposit.

Related information about certificate of deposit index (CODI):
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  5. Certificate Of Deposit Index (CODI Index) Definition | Investopedia
    The 12-month average of the most recently published dealer bid rates (yields) on nationally traded three-month certificates of deposit as reported in the H.15 ...
     
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  8. What is certificate of deposit index (CODI)? definition and meaning
    Definition of certificate of deposit index (CODI): One way to determine changing interest rates on some adjustable-rate mortgages. It is an annual average of the ...