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certificate of deposit


from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. 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.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A type of bank account representing a time deposit, which is insured, with a specific, fixed term, and, usually, a fixed interest rate.
  • n. The certificate issued to the holder of such an account, verifying that he owns it.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. a debt instrument issued by a bank; usually pays interest


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