Certificate Of Deposit Definition

certificates-of-deposit
noun
A time deposit paying a specified rate of interest for a specified period of time, with a penalty imposed for premature withdrawal of the deposited funds.
Webster's New World
A certificate acknowledging such a deposit.
Webster's New World
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.
Webster's New World Law
A bank document evidencing a time deposit. Abbreviated C.D.
Webster's New World Law

A type of bank account representing a time deposit, which is insured, with a specific, fixed term, and, usually, a fixed interest rate.

Wiktionary
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Other Word Forms of Certificate Of Deposit

Noun

Singular:
certificate of deposit
Plural:
certificates-of-deposit

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