Certificate of deposit


 

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Certificate of deposit

A certificate, issued by a bank to a depositor, indicating a sum of money has been deposited for a specified term and on which interest is paid.



Similar Matches

Project loan certificate (PLC)

Project loan certificate (PLC)

A primary program of Ginnie Mae for securitizing FHA-insured and coinsured multifamily, hospital, and nursing home loans.


Certificate of Accrual on Treasury Securities (CATS)

Certificate of Accrual on Treasury Securities (CATS)

Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity.


Investment certificate

Investment certificate

A document that serves as proof that an individual has an investment in a savings and loan association.


Certificate of title

Certificate of title

A written opinion on the status of a piece of property based on an examination of the public record.


Certificate of deposit (CD)

Certificate of deposit (CD)

Also called a time deposit this is a certificate issued by a bank or thrift that indicates a specified sum of money has been deposited. A CD has a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years.


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