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

certificate of deposit

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

Example Sentences

High-yield savings accounts are more liquid than certificates of deposit, meaning you can take your money out more easily, with withdrawals usually limited to half a dozen per month.

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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.

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With the stock market so high, I have suggested that he might want to sell the investments, take the tax hit and consolidate into short-term certificates of deposit or similar.

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It may not make sense to prepay a 3% mortgage when you can earn 5% on a certificate of deposit, for example.

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With a credit builder loan, the borrowed amount is stored in a savings account or certificate of deposit that the borrower can claim after a set number of monthly payments.

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Related Words

• time deposit