certificate of deposit

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.

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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 - CD — A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomination. CDs are generally issued by commercial banks and are insured by the FDIC. The term… …   Investment dictionary

  • certificate of deposit (CD) — Receipt from a bank acknowledging the deposit of a sum of money. The most common type, the time certificate of deposit, is for a fixed term interest bearing deposit in a large denomination. It consequently pays higher interest than a savings… …   Universalium

  • Certificate of Deposit Account Registry Service — The Certificate of Deposit Account Registry Service (CDARS), is a private, patented, for profit service that breaks up large deposits (from individuals, companies, nonprofits, public funds, etc.) and places them across a network of more than 3000 …   Wikipedia

  • Certificate of Deposit Account Registry Service - CDARS — A program that allows the public to spread money around various banks. The purpose of CDARS is to help people who invest in certificate of deposits or CDs to stay below FDIC insurance limits at any given bank. Usually, to avoid exceeding FDIC… …   Investment dictionary

  • 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 — 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

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