Meaning 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
More terms such as Certificate of deposit (CD) in Dictionary C.
- Definition Capitalization Rate:
- Examples The rate of interest used to calculate the present value of a number of future payments certificate of deposit (cd) definition.
- Definition Construction Loan:
- Examples A short-term loan to finance building costs certificate of deposit (cd) explain.
- Definition Close A Position:
- Examples In the context of general equities, eliminate an investment from one's portfolio, by either selling a long position or covering a short position certificate of deposit (cd) what is.
- Definition "Cannot Complete":
- Examples In the context of general equities, inability to finish an order on a principal or agency basis, given prevailing price instructions and/or market conditions certificate of deposit (cd) meaning.
- Definition Cumulative Dividend Feature:
- Examples A requirement that any missed preferred or preference stock dividends be paid in full before any common dividend payment is made certificate of deposit (cd) abbreviation.
