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
Synonyms:

Other Word Forms of Certificate Of Deposit

Noun

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

Certificate Of Deposit Sentence Examples

  • Also, consider putting aside some money in a certificate of deposit.

  • Evergreen also offers money market accounts, certificate of deposit accounts, insurance products and IRA's.

  • A certificate of deposit (CD) is a low risk investment.

  • Purchasing a Certificate of Deposit allows you to invest a specific amount of money for a set period (usually a few months to a few years), and in return you receive a guaranteed interest payment for that period.

  • Write out a check or money order for your certificate of deposit.

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Words Starting With

CCECER

Words Ending With

TITSIT

Words Starting With C and Ending With T

Starts With C & Ends With TStarts With CE & Ends With TStarts With C & Ends With IT

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