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. a negotiable certificate issued by a bank in return for a deposit of money for a term of up to five years CD

Example Sentences

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

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

From Los Angeles Times

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

A campaign of rate increases by the Federal Reserve, which is intended to tamp down inflation, has driven yields that investors can get on ultrasafe instruments like certificates of deposit to 5 percent or higher.

From New York Times

But some banks have already started reducing the rates they pay to consumers, including on some certificates of deposit.

From New York Times

Related Words

• time deposit