certificates of deposit

Cultural  

1. Bonds issued by banks and savings and loan associations to individual investors. CDs have terms ranging from a few months to several years; in general, the longer the term, the higher the interest rate that they bear. At the expiration of the term, investors may withdraw both the principal and the accrued interest. Penalties are imposed for early withdrawal.

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Example Sentences

Years ago, he opened six certificates of deposit, one for each of his children.

From MarketWatch • May 27, 2026

The steady payouts generated by bonds, certificates of deposit, dividend stocks and other income-generating assets and holdings come with a variety of tax implications for investors.

From The Wall Street Journal • Mar. 8, 2026

One obvious answer is certificates of deposit, which promise a fixed interest rate for a set term, such as one, three, or five years.

From Barron's • Dec. 11, 2025

My goal now is not so much to grow the money substantially, but to avoid paying taxes on my investments, as I would have to do with certificates of deposit.

From Los Angeles Times • Dec. 29, 2024

Those in pressing need of money receive certificates of deposit as soon as their gold is cast into bars, and on these certificates they can obtain cash at the government banks.

From Overland through Asia; Pictures of Siberian, Chinese, and Tartar Life by Knox, Thomas Wallace