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. Abbreviations: CD, C.D., C/D, c/d

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British Dictionary definitions for certificate of deposit

certificate of deposit

noun

a negotiable certificate issued by a bank in return for a deposit of money for a term of up to five yearsAbbreviation: 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