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Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.32 sec. |
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CD CD The two-character ISO 3166 country code for CONGO, THE DEMOCRATIC REPUBLIC OF.
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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