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 ?
As informed by Operations Manager Steve Hall to this newspaper, the Certificate Of Deposit with this rate will be available until the end of this year 2018.
Bank has also said that it will redeem all of the outstanding principal amount of its 1.375 percent certificate of deposit due September 11, 2017 on August 11, 2017.
"According to the new law, expatriates must place a Certificate of Deposit worth $100,000 in order to obtain a one-year residency in Egypt.
"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.
Islamic lenders operating in the United Arab Emirates have so far invested 3.5 billion dirhams ($954 million) in sharia-compliant certificate of deposits, a central bank official said in published remarks on Tuesday.
Poddar, Sab, and Khachatryan 2006, found that the Central Bank of Jordan operating target that affects bank retail rates is the real three month certificate of deposit rates, also they measure monetary policy by the spread between three month certificate of deposit rates and the U.S federal fund rate.

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