certificate of deposit (abbr CD) (also deposit certificate) noun [C]

(Finance )

a type of investment offered by banks and other financial institutions in which money is lent to the bank, etc. for a fixed period of time with a fixed rate of interest:

Investing in a certificate of deposit will earn you more interest than a savings account.

a €600 000 certificate of deposit issued with a coupon (= interest rate) of 9.5%

◆ negotiable certificates of deposit (= ones that can be traded) ⇨ TIME DEPOSIT

• state benefit
• state capitalism
• statement
• statement of account
• statement of affairs
• statement of claim
• statement of earnings
• statement of principles
• state of the art
• statewide
• static
• station
• stationery
• statistic
• statistical process control
• statistical quality control
• statistician
• stats
• status
• status bar
• status divide
• status enquiry
• status symbol
• statute
• statutory