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Certificate of deposit |
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Certificate of deposit (CD) 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 CD has a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years. 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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The single-premium policies are designed for 1035 exchanges and other lump-sum situations, such as a conversion or repositioning of a certificate of deposit or annuity. The new program is called the Certificate of Deposit Account Registry Service - known as CDARS. Special limited-time offerings for new customers (which were extended to other Morris county NorCrown branches) included a highyield, two-year step-up certificate of deposit and gifts for those opening new accounts. |
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Certificate of deposit