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certificate of deposit

noun
1.
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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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for certificate of deposit
  • The dormancy period for a matured certificate of deposit is five years.
  • All interest earned from the certificate of deposit will belong to the depositor.
British Dictionary definitions for certificate of deposit

certificate of deposit

noun
1.
a negotiable certificate issued by a bank in return for a deposit of money for a term of up to five years CD
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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