certificate of deposit

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Related to certificates of deposit: commercial paper, repurchase agreement, Negotiable certificates of deposit, Money market account, Bankers acceptance, Mutual funds

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.

Certificate of Deposit

A deposit at a bank or other financial institution that has a fixed return (usually via an interest rate) and a set maturity. The depositor does not have access to the funds in a certificate of deposit until maturity; in exchange, he/she is usually entitled to a higher interest rate. CDs are insured by the FDIC up to a certain amount and as such are a way to increase return for no extra risk. See also: Demand deposit, Real estate certificate of deposit, Negotiable certificate of deposit.

certificate of deposit (CD)

A receipt, issued by a financial institution for a deposit of funds, that permits the holder to receive interest plus the deposit at maturity. Early withdrawal of CDs issued after October 1, 1983, results in a penalty of 30 days' loss of interest on maturities of one year or less, and loss of 90 days' interest on maturities over one year. See also add-on, callable CD, jumbo certificate of deposit, negotiable certificate of deposit, real estate certificate of deposit, term certificate, zero-coupon certificate of deposit.

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.

certificate of deposit

a FINANCIAL SECURITY issued by BANKS, BUILDING SOCIETIES and other financial institutions as a means of borrowing money for periods ranging from one month to five years. Once issued, certificates of deposit may be bought and sold on the MONEY MARKET and are redeemable on their maturity for their face value plus accrued interest.

certificate of deposit

a FINANCIAL SECURITY issued by BANKS, BUILDING SOCIETIES and other financial institutions as a means of borrowing money for periods ranging from one month to five years. Once issued, certificates of deposit may be bought and sold on the MONEY MARKET and are redeemable on their maturity for their face value plus accrued interest.

certificate of deposit (CD)

A receipt for money deposited in a financial institution.

References in periodicals archive ?
Broadly defined liquidity includes postal savings, deposits at farm and fishery cooperatives, loan and money trusts, investment trusts, bank debentures, Japanese and foreign government bonds, and M2 plus certificates of deposit.
The measurement includes postal savings, deposits at agricultural and fishery credit cooperatives, loan trusts and money trusts, bank debentures and Japanese and foreign government bonds, and M2 plus certificates of deposit.
IPFS is a privately owned company that originates the Capital Markets Certificates of Deposit (CMCD) program, which was launched in August 2005.
The comments, which took the form of a letter from TEI President Bob Perlman to Minister of Finance Donald Mazankowski and Minister, Revenue Canada Otto Jelinek, urged the Canadian government to adopt a mechanism similar to that in place in the United Kingdom and issue Tax Certificates of Deposit analogous to those issued by Inland Revenue.
Klein also had a tip for people looking at certificates of deposit.
You can also get market-trend information and the latest quotes on stocks, bonds, mutual funds and, in some instances, bank moneymarket accounts and certificates of deposit.
3/ CBO Certificates of Deposit Tender ResultsMuscat, Dec 28 (ONA) Certificates of deposit tender was held at the Central Bank of Oman (CBO) this week.
Summary: Muscat: Certificates of deposit tender was held at the Central Bank of Oman (CBO) this .
PK) has started offering yuan-denominated certificates of deposit to retail investors in an expansion of its yuan-related business.
A shift from liquidity assets to investment trust funds pushed down the balance of M2 plus certificates of deposit,'' said Takuji Aida, chief economist at Barclays Capital Japan Ltd.
Ends/AH/KH/FS Muscat, Sept 14 (ONA) Certificates of deposit tender was held at the Central Bank of Oman (CBO) this week.

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