certificate of deposit
certificate of deposit: a money-market bond of a preset face value (as $10,000) paying fixed interest and redeemable without penalty only on maturity (as after two years)

Merriam-Webster’s Dictionary of Law. . 1996.

certificate of deposit
index receipt (proof of receiving)

Burton's Legal Thesaurus. . 2006


certificate of deposit
n.
A document issued by a bank to a customer indicating that it has received a sum of money from the customer and will repay it with interest at a specific date.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


certificate of deposit
(CD)
A document issued by a bank in return for a deposit of money. Interest rates on CDs are fixed, and usually higher than on savings accounts, because banking institutions require a commitment to leave the money on deposit for a fixed period of time. Often there is a financial penalty (fee) for cashing in a CD before the pledged time has run out.
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.

certificate of deposit
A certificate issued by a bank to the depositor of funds. The certificate records the amount of money deposited, the term of the deposit and the fixed interest rate payable, and entitles the bearer to repayment on those terms. If the depositor needs money before the end of the fixed term, he can sell the certificate to a third party, usually a discount house.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


certificate of deposit
n.
1 A certificate from a bank acknowledging the receipt of money and a promise to repay it at a specified time and with interest determined at a specified rate.
2 A bank document evidencing a time deposit. Abbreviated CD.

Webster's New World Law Dictionary. . 2000.


certificate of deposit
A 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.

Dictionary from West's Encyclopedia of American Law. 2005.


certificate of deposit
A 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.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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.

Law dictionary. . 2013.

Look at other dictionaries:

  • certificate of deposit — n. 1. a time deposit paying a specified rate of interest for a specified period of time, with a penalty imposed for premature withdrawal of the deposited funds 2. a certificate acknowledging such a deposit …   English World dictionary

  • certificate of deposit — ( CD) A time deposit with a specific maturity evidenced by a certificate. Chicago Board of Trade glossary ( CD) A large time deposit with a bank, having a specific maturity date and yield stated on the certificate. CDs usually are issued with… …   Financial and business terms

  • Certificate of deposit — This article is specific to the United States. For a more general article, see Time deposit. Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account …   Wikipedia

  • certificate of deposit — 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. Abbr.: CD, C.D. * * * ▪ finance       a receipt from a bank acknowledging… …   Universalium

  • certificate of deposit — noun a debt instrument issued by a bank; usually pays interest • Syn: ↑CD • Hypernyms: ↑debt instrument, ↑obligation, ↑certificate of indebtedness • Hyponyms: ↑time deposit * * * noun …   Useful english dictionary

  • certificate of deposit — A written acknowledgment by a bank or banker on the receipt of a sum of money on deposit which the bank or banker promises to pay to the depositor, to the order of the depositor, or to some other person or to his order, whereby the relation of… …   Ballentine's law dictionary

  • certificate of deposit — /sə tɪfɪkət əv dɪ pɒzɪt/ noun a document from a bank showing that money has been deposited at a certain guaranteed interest rate for a certain period of time. Abbreviation CD ▪▪▪ ‘…interest rates on certificates of deposit may have little room to …   Dictionary of banking and finance

  • certificate of deposit — Synonyms and related words: CD, IOU, MO, acceptance, acceptance bill, bank acceptance, bank check, bill, bill of draft, bill of exchange, blank check, callable securities, cats and dogs, certificate, certified check, charge card, charge plate,… …   Moby Thesaurus

  • certificate of deposit — CD A negotiable certificate issued by a bank in return for a term deposit of up to five years. They originated in the USA in the 1960s. From 1968, a sterling CD was issued by UK banks. They were intended to enable the merchant banks to attract… …   Accounting dictionary

  • certificate of deposit — CD A negotiable certificate issued by a bank in return for a term deposit of up to five years. They originated in the USA in the 1960s. From 1968, a sterling CD was issued by UK banks. They were intended to enable the merchant banks to attract… …   Big dictionary of business and management

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