Meaning Of The Word Certificate of deposit
What's the definition of Certificate of deposit? Find Certificate of deposit meanings, definitions and more at the Real Dictionary online.
Certificate of deposit Meaning
| Certificate of deposit Definition |
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What's The Definition Of Certificate of deposit?
certificate of deposit in American English
a time deposit paying a specified rate of interest for a specified period of time, with a penalty imposed for premature withdrawal of the deposited funds noun: a written acknowledgment of a bank that it has received from the person named a specified sum of money as a deposit, often for a fixed term at a specified interest rate certificate of deposit in British English noun: a negotiable certificate issued by a bank in return for a deposit of money for a term of up to five years |
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