certificate of deposit

American  

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

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certificate of deposit British  

noun

1. CD. a negotiable certificate issued by a bank in return for a deposit of money for a term of up to five years

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Example Sentences

See Examples For:

certificate of deposit

In a video demo viewed by Barron’s this week, Sky walks a client through options for a certificate of deposit account that’s come due.

From Barron's ● Apr. 22, 2026

So they asked guests at their 2022 wedding to contribute to their savings, currently in a certificate of deposit, as they work towards buying a dream home with a porch in her native New England.

From Reuters ● Aug. 10, 2023

If you have multiple individual accounts at the same bank, for example a savings account and certificate of deposit, those are added together and the total is insured up to $250,000.

From Seattle Times ● May 1, 2023

Another customer said he had decided to withdraw a $200,000 certificate of deposit to get down to the FDIC-insured limit of $250,000.

From Los Angeles Times ● Mar. 14, 2023

She told him what little she knew, rather vaguely: Mrs. Maitland had drawn a check—no: she believed it was called a bank certificate of deposit.

From The Iron Woman by Margaret Wade Campbell Deland

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Related Words

• time deposit

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