Contextualizebeta

certificate of deposit

noun

Definitions

  1. A time deposit offered by a bank or credit union, wherein the depositor commits a fixed…

    A time deposit offered by a bank or credit union, wherein the depositor commits a fixed sum of principal for a predetermined maturity period, in exchange for a guaranteed interest rate higher than that of a standard savings account.

  2. The certificate issued to the holder of such an account, verifying its ownership.

The neighborhood

Vish — recursive loop

No curated loop yet for certificate of deposit. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA