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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

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

"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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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.

From Los Angeles Times • Apr. 14, 2024

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 the total does not exceed $250,000, multiple holdings — say a $50,000 savings account and a $20,000 certificate of deposit — will be covered.

From New York Times • May 1, 2023

For instance, in the last quarter of 2022, the national average rate for a five-year certificate of deposit was 2.33%, compared with 1.58% at banks, according to that same data set extracted by the NCUA.

From Seattle Times • Mar. 7, 2023

The holder of a certificate of deposit may transfer it.

From Business Hints for Men and Women by Calhoun, Alfred Rochefort

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.