certificate deposit

certificate of deposit

noun
a written acknowledgment of a bank that it has received from the person named a specified sum of money as a deposit, often for a fixed term at a specified interest rate. Abbreviation: CD, C.D.
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certificate of deposit
 
n
CD a negotiable certificate issued by a bank in return for a deposit of money for a term of up to five years

Collins English Dictionary - Complete & Unabridged 10th Edition
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