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.
Nearby TermsCertificate Certificate of Accrual on Treasury Securities (CATS) Certificate of deposit (CD) Certificate of Origin Certificateless municipals
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University