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Certificate of Deposit
CERTIFICATE OF DEPOSITA 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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Cite this article
"Certificate of Deposit." West's Encyclopedia of American Law. 2005. Encyclopedia.com. 31 May. 2012 <http://www.encyclopedia.com>. "Certificate of Deposit." West's Encyclopedia of American Law. 2005. Encyclopedia.com. (May 31, 2012). http://www.encyclopedia.com/doc/1G2-3437700773.html "Certificate of Deposit." West's Encyclopedia of American Law. 2005. Retrieved May 31, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1G2-3437700773.html |
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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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Cite this article
"certificate of deposit." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. 31 May. 2012 <http://www.encyclopedia.com>. "certificate of deposit." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. (May 31, 2012). http://www.encyclopedia.com/doc/1O999-certificateofdeposit.html "certificate of deposit." The Oxford Pocket Dictionary of Current English. 2009. Retrieved May 31, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O999-certificateofdeposit.html |
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