CERTIFICATE OF DEPOSIT (C.D.)


Meaning of CERTIFICATE OF DEPOSIT (C.D.) in English

Also called a time deposit, this is a certificate issued by a bank or thrift that indicates a specified sum of money has been deposited. A C.D. bears a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.