certificate of deposit
noun[C]
ukuspluralcertificates of deposit(abbreviationCD);(alsodeposit certificate)BANKING,FINANCE
atypeofinvestmentin whichcustomersearninterestforsavingtheirmoneyfor afixedperiodoftime, or thedocumentwhichshowsthisinvestment:
3-month/5-year, etc.certificateofdeposit
variable-rate/floating-rate certificate of depositInterest on variable-ratecertificatesofdepositwill beperiodicallyadjustedinaccordancewithcurrentmarketrates.
See also
Eurodollar certificate of deposit
yankee dollar certificate of deposit