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certificate of deposit

   Also found in: Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
certificate of deposit
n. pl. certificates of deposit Abbr. CD or C/D
A certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest.

certificate of deposit
n
(Economics, Accounting & Finance / Banking & Finance) a negotiable certificate issued by a bank in return for a deposit of money for a term of up to five years Abbreviation CD
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.certificate of deposit - a debt instrument issued by a bank; usually pays interest
time deposit - a certificate of deposit from which withdrawals can be made only after advance notice or at a specified future date
certificate of indebtedness, debt instrument, obligation - a written promise to repay a debt


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Instead of purchasing an equity-linked certificate of deposit through an insurance agent like you would an equity-indexed annuity, you buy them from a bank and bypass the 13% agent commission.
CDARS, also known as Certificate of Deposit Account Registry Services is a program providing depositors with access to up to $50 million in FDIC-insurance coverage on certificates of deposit (CDs).
If you are searching for a few low risk investments that can be converted into cash very easily, you should consider a Certificate of Deposit (CD).
 
 
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