Legal Definition and Related Resources of Certificate Of Deposit
Meaning of Certificate Of Deposit
A piece of paper evidencing the existence of a time deposit with a bank or trust company . See S.E.C. v Fifth Avenue Coach Lines, Inc., (D.C.N. Y.)289 F. Supp. 3.
Certificate Of Deposit Alternative Definition
A certificate issued by a bank that the person named has a specified sum on deposit to his order in the bank.
Related Entries of Certificate Of Deposit in the Encyclopedia of Law Project
Browse or run a search for Certificate Of Deposit 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 in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Certificate Of Deposit in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Certificate Of Deposit in the Legal Abbreviations and Acronyms Dictionary.
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Notice
This definition of Certificate Of Deposit is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Certificate of Deposit (cd) in the Economic Activity
An introductory concept of Certificate of Deposit (cd) may be: account in which money is deposited for a preset length of time, that must yield a slightly higher return to compensate for the reduced liquidity
Certificate of Deposit (CD) Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Certificate of Deposit (CD) in a way that is easy for anybody to understand: Formal instrument issued by a bank upon the deposit of funds which may not be withdrawn for a specified time period. Typically, an early withdrawal will incur a penalty.
United States Tax Concept of Certificate of Deposit
A debt instrument issued by a bank or savings institution that has a set maturity date. Longer investments generally earn higher interest.
Concept of Certificate of Deposit (c.d.) in the context of Real Property
A short definition of Certificate of Deposit (c.d.): A specific sum of money deposited into a savings institution for a specified time period, and bearing a higher rate of interest than a passbook account if left to maturity. Does not have withdrawal privileges as does a passbook account. Also called a time certificate of deposit (T.C.D.)
Concept of Certificate of Deposit (c.d.) in the context of Real Property
A short definition of Certificate of Deposit (c.d.): A specific sum of money deposited into a savings institution for a specified time period, and bearing a higher rate of interest than a passbook account if left to maturity. Does not have withdrawal privileges as does a passbook account. Also called a time certificate of deposit (T.C.D.)
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