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Definition 2024
certificate_of_deposit
certificate of deposit
English
Noun
certificate of deposit (plural certificates 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.
Translations
type of time-deposit account
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certificate
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External links
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certificate of deposit on Wikipedia.Wikipedia