Financial Definition of Certificate Of Deposit (Cd)
Meaning of 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 bears a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years.
Legal Definition of Certificate Of Deposit (Cd)
A money market instrument characterized by its set date of maturity and interest rate. There are two basic types of CDs: traditional and negotiable. Traditional bank CDs typically incur an early-withdrawal penalty, while negotiable CDs have secondary market liquidity with investors receiving more or less than the original amount depending on market conditions.
Related Entries of Certificate Of Deposit (Cd) in the Encyclopedia of Law Project
Browse or run a search for Certificate Of Deposit (Cd) in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Certificate Of Deposit (Cd) in Historical Law
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Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Certificate Of Deposit (Cd) in the Legal Abbreviations and Acronyms Dictionary.
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What is Certificate Of Deposit (Cd)?
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