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CD (1)

CD (2)

The two-character ISO 3166 country code for CONGO, THE DEMOCRATIC REPUBLIC OF.

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).

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.


See certificate of deposit.
References in periodicals archive ?
The new CD-R Digital Audio discs, the HR100, employ advanced-phthalocyanine dye, an innovation that achieves unprecedented resistance under direct sunlight exposure for more than 100 days, making the discs an ideal choice for portable and outdoor playback applications.
CD-Recordable (CD-R) Digital Audio discs are also known as `write once' discs, since the information is permanently stamped in the aluminum reflective layer.
CD-ReWritable (CD-RW) Digital Audio discs can be recorded and re-recorded more than 1,000 times, without any loss of digital quality.

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