Certificate Of Deposit (noun) Definition, Meaning & Examples

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. Abbreviations: CD, C.D., C/D, c/d
noun
  1. a negotiable certificate issued by a bank in return for a deposit of money for a term of up to five years
Certificate Of Deposit (noun) Definition, Meaning & Examples

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