certificate of deposit
Noun
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Noun
certificate of deposit
- A type of bank account representing a time deposit, which is insured, with a specific, fixed term, and, usually, a fixed interest rate.
- The certificate issued to the holder of such an account, verifying that he owns it.
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.006