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Certificate of Deposit

CERTIFICATE OF DEPOSIT

A written recognition by a bank of a deposit, coupled with a pledge to pay the deposited amount plus interest, if any, to the depositor or to his or her order, or to another individual or to his or her order.

A form ofcommercial paperthat serves as documentary evidence that a savings account exists.

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"Certificate of Deposit." West's Encyclopedia of American Law. . Encyclopedia.com. 17 Nov. 2017 <http://www.encyclopedia.com>.

"Certificate of Deposit." West's Encyclopedia of American Law. . Encyclopedia.com. (November 17, 2017). http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/certificate-deposit

"Certificate of Deposit." West's Encyclopedia of American Law. . Retrieved November 17, 2017 from Encyclopedia.com: http://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/certificate-deposit

certificate of deposit

cer·tif·i·cate of de·pos·it (abbr.: CD) • n. a certificate issued by a bank to a person depositing money for a specified length of time.

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"certificate of deposit." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. 17 Nov. 2017 <http://www.encyclopedia.com>.

"certificate of deposit." The Oxford Pocket Dictionary of Current English. . Encyclopedia.com. (November 17, 2017). http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/certificate-deposit

"certificate of deposit." The Oxford Pocket Dictionary of Current English. . Retrieved November 17, 2017 from Encyclopedia.com: http://www.encyclopedia.com/humanities/dictionaries-thesauruses-pictures-and-press-releases/certificate-deposit