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Certificate of Deposit - CD |
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Certificate of Deposit - CD A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified interest rate and can be issued in any denomination. CDs are generally issued by commercial banks. Notes: Technically, a certificate of deposit is a promissory note on which the maker is a bank.CDs under $100,000 are called "small CDs" CDs for more than $100,000 are called "large CDs" or "jumbo CDs". Almost all large CDs, as well as some small CDs, are negotiable. |
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