certificates of deposit

Cultural  

1. 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.

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Example Sentences

Years ago, he opened six certificates of deposit, one for each of his children.

From MarketWatch • May 27, 2026

The steady payouts generated by bonds, certificates of deposit, dividend stocks and other income-generating assets and holdings come with a variety of tax implications for investors.

From The Wall Street Journal • Mar. 8, 2026

One obvious answer is certificates of deposit, which promise a fixed interest rate for a set term, such as one, three, or five years.

From Barron's • Dec. 11, 2025

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.

From Los Angeles Times • Aug. 11, 2024

He was authorized to receive for such bonds lawful money of the United States, or, at his discretion, treasury notes, certificates of indebtedness or certificates of deposit, issued under any act of Congress.

From Recollections of Forty Years in the House, Senate and Cabinet An Autobiography. by Sherman, John