certificate of deposit definition

  • noun:
    • A certificate from a bank stating the called celebration features a specified amount on deposit, frequently for certain period of time at a fixed interest.
    • A type of banking account representing a time deposit, which is guaranteed, with a particular, fixed term, and, usually, a fixed rate of interest.
    • The certificate granted to the owner of these an account, confirming that he has it.
    • a debt instrument given by a bank; frequently will pay interest
    • A certificate from a bank stating that named party has a specified sum on deposit, typically for confirmed time frame at a set interest rate.
    • a form of banking account representing a time deposit, that will be insured, with a specific, fixed term, and, often, a set interest rate.
    • The certification granted into the holder of such a merchant account, verifying that he owns it.
    • a debt tool issued by a bank; typically pays interest

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