certificate of deposit Hear it!

certificate of deposit definition - legal

n

  1. A certificate from a bank acknowledging the receipt of money and a promise to repay it at a specified time and with interest determined at a specified rate.
  2. A bank document evidencing a time deposit. Abbreviated C.D.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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