certificate of deposit

(redirected from certificates of deposit)
Also found in: Dictionary, Thesaurus, Legal.

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 ?
The first series of Certificates of Deposit is for a limited period, other series may be issued in the future.
Breaking down the January tally of M2 plus certificates of deposit, the BOJ said cash in circulation grew 6.
Klein also had a tip for people looking at certificates of deposit.
Specifically, TEI recommends that Canada adopt a mechanism similar to that in place in the United Kingdom and issue Tax Certificates of Deposit (TCDs) analogous to those issued by Inland Revenue.
Smart Investor offers users customized investment guidance and access to more than 2,800 mutual funds, 4,000 certificates of deposit and money-market funds and more than 11,000 stocks and bonds on the major exchanges.
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.
Americans are losing tens of billions of dollars in interest each year by keeping their money in traditional bank savings accounts instead of certificates of deposit and credit union accounts, the Consumer Federation and a credit union group say.
Service 1st Bank can now provide its customers FDIC insurance coverage for Certificates of Deposit up to a total of Fifteen Million Dollars ($15,000,000) using the Certificate of Deposit Account Registry Service (a.

Full browser ?