certificates of deposit


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.

QUIZZES

BECOME A PRO CHEF WITH THIS EXQUISITE CUISINE QUIZ!

Even if you can't be a professional chef, you can at least talk like one with this vocabulary quiz.
Question 1 of 9
You may have read the word "simmer" in a recipe or two, but what does it really mean?
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.