certificate of deposit


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Related to certificate of deposit: negotiable certificate of deposit

certificate of deposit

n. pl. certificates of deposit Abbr. CD
1. A time deposit usually having a term of less than five years and paying a fixed rate of interest.
2. A certificate from a bank stating that the named party has a specified sum on deposit.

certificate of deposit

n
(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

certif′icate of depos′it


n.
a written acknowledgment from a bank for money deposited, indicating the percentage of interest to be paid for a specified period.
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
The Sallie Mae Bank 12-month certificate of deposit and 36-month certificate of deposit carry no fees and no maximum balance.
Mashreq Egypt's five-year certificate of deposit guarantees the highest fixed monthly, quarterly, or yearly return whether you are a customer or not," said Tareq Fawzi, country manager of Mashreq Egypt, in the statement.
5 billion dirhams ($954 million) in sharia-compliant certificate of deposits, a central bank official said in published remarks on Tuesday.
a major provider of equity-indexed annuities, has applied the concept to a certificate of deposit offered by its wholly owned banking subsidiary, Jackson Federal Bank.
A creditor with a security interest in a certificate of deposit believes that it has highly liquid collateral to secure payment of its claim.
Global Banking News-November 19, 2014--Sallie Mae Bank revises lending rate for 12-year certificate of deposit
TEI believes that the adoption of the Tax Certificate of Deposit mechanism would offer numerous advantages to both the government and to taxpayers.

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