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certificate of deposit

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

Definition of certificate of deposit in English:

noun

A certificate issued by a bank to a person depositing money for a specified length of time at a specified rate of interest.
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.

Definition of certificate of deposit in:

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