Definition of certificate of deposit in English:

certificate of deposit

Line breaks: cer¦tifi|cate of de|posit

noun

  • A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interest.
    More example sentences
    • Even a slightly higher interest rate on a certificate of deposit can boost your returns.
    • Falling interest rates have pushed rates on many certificates of deposit and money market funds - traditional sources of income for retirees - to below 2%.
    • But millions of people who rely on income from certificates of deposit and money market mutual funds would love an end to record-low rates.

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Word of the day coloratura
Pronunciation: ˌkələrəˈto͝orə
noun
elaborate ornamentation of a vocal melody