Certificate of deposit (CD)


 

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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.

Certificate of deposit (CD)

A document which shows that the bearer has a specified amount of money on deposit with a bank, stock-brokerage firm or other financial institution.



Certificate of deposit (CD)

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Jumbo certificate of deposit

Jumbo certificate of deposit

In the US, this is a certificate of deposit with a denomination of $100,000 and above. They are usually purchased by large institutions such as banks and insurance companies.


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Receivers certificate

A debt instrument issued by a receiver and serving as a lien on the property, which provides funding to continue operations or to protect assets in receivership.


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Face amount certificate

A debt security issued by face amount. The holder makes payments periodically to the issues, and the issuer promises to pay the purchaser the face value at maturity or the surrendered value if the security is presented by the maturity specified in the certificate.


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Stored information used by the SSL protocol to establish a secure Internet connection; typically contains information about who the certificate belongs to, who it was issued by, a unique serial number, valid dates, and an encrypted "fingerprint".


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Certificate of deduction of tax

A certificate, issued by a building society or bank (in accordance with Section 352 of the Income and Corporation Taxes Act 1988) to its customers with interest bearing accounts, in which gross interest, tax deducted and net interest are depicted.


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