certificate of deposit
certificate of deposit
certificate of deposit
certif′icate of depos′it
n.
| Noun | 1. | certificate of deposit - a debt instrument issued by a bank; usually pays interest |
| 单词 | certificate of deposit | |||
| 释义 | certificate of depositcertificate of depositcertificate of depositcertif′icate of depos′itn.
Certificate of DepositCertificate of DepositA written recognition by a bank of a deposit, coupled with a pledge to pay the deposited amount plus interest, if any, to the depositor or to his or her order, or to another individual or to his or her order. A form of Commercial Paper that serves as documentary evidence that a savings account exists. certificate of deposit (CD)n. a document issued by a bank in return for a deposit of money which pays a fixed interest rate for a specified period (from a month to several years). Interest rates on CD's are usually higher than savings accounts because banking institutions require a commitment to leave money in the CD for a fixed period of time. Often there is a financial penalty (fee) for cashing in a CD before the pledged time runs out. certificate of depositCertificate of deposit (CD)Certificate of Depositcertificate of deposit (CD)Certificate of deposit (CD).CDs are time deposits. When you purchase a CD from a bank, up to $100,000 is insured by the Federal Deposit Insurance Corporation (FDIC). You generally earn compound interest at a fixed rate, which is determined by the current interest rate and the CD's term, which can range from a week to five years. However, rates can vary significantly from bank to bank. You usually face a penalty if you withdraw funds before your CD matures, often equal to the interest that has accrued up to the time you make the withdrawal. certificate of deposita FINANCIAL SECURITY issued by BANKS, BUILDING SOCIETIES and other financial institutions as a means of borrowing money for periods ranging from one month to five years. Once issued, certificates of deposit may be bought and sold on the MONEY MARKET and are redeemable on their maturity for their face value plus accrued interest.certificate of deposita FINANCIAL SECURITY issued by BANKS, BUILDING SOCIETIES and other financial institutions as a means of borrowing money for periods ranging from one month to five years. Once issued, certificates of deposit may be bought and sold on the MONEY MARKET and are redeemable on their maturity for their face value plus accrued interest.certificate of deposit (CD)A receipt for money deposited in a financial institution. See COD See CD certificate of deposit
Synonyms for certificate of deposit
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