certificate of deposit

Noun

Meaning

a debt instrument issued by a bank; usually pays interest

Source: WordNet

Synonyms

candela negotiable instrument cd note of hand postal order letter of credit commercial paper certified check sight draft mortgage-backed security

Hypernyms

obligation debt instrument certificate of indebtedness

Hyponyms

time deposit

Examples

Although West Suburban Bank’s certificate of deposit (CD) accounts require high opening deposits, they offer some of the we’ve examined among community banks. Source: Internet

However, if a return on your deposits is a priority, you may want to open a higher interest account, like a certificate of deposit (see below). Source: Internet

If you want an intermediate length certificate of deposit, the Capital One 360 2-Year CD Account is your best option. Source: Internet

Your money is not locked away, like in the case of a CD, or certificate of deposit. Source: Internet

Close letter words and terms

certificate of conduct certificate of criminal record certificate of death certificate of good conduct certificate of good health certificate of health