Certificates of deposit
certificates of deposit (CDs)
Bonds issued by banks and savings and loan associations to individual investors. CDs have terms ranging from a few months to several years; in general, the longer the term, the higher the interest rate that they bear. At the expiration of the term, investors may withdraw both the principal and the accrued interest. Penalties are imposed for early withdrawal.
Read Also:
- Certification
the act of certifying. the state of being certified. a certified statement. the writing on the face of a check by which it is certified. Law. a certificate attesting the truth of some statement or event. noun the act of certifying or state of being certified (law) a document attesting the truth of a fact […]
- Certification-mark
a mark that certifies the origin, material, quality, mode of manufacture, accuracy, or other characteristic of a product or service: “UL” is a certification mark for appliances meeting the safety standards of Underwriters Laboratories, Inc.
- Certified
having or proved by a certificate: a certified representative. guaranteed; reliably endorsed: a certified check. legally declared insane. committed to a mental institution. to attest as certain; give reliable information of; confirm: He certified the truth of his claim. to testify to or vouch for in writing: The medical examiner will certify his findings to […]
- Certified accountant
noun (in Britain) a member of the Chartered Association of Certified Accountants, who is authorized to audit company accounts Compare chartered accountant, certified public accountant
- Certified-check
a check bearing a guarantee of payment by the bank on which the check is drawn.