The meaning and definition of Certificate of Depos
Post# of 351
Posted On: 03/16/2013 12:06:47 AM
The meaning and definition of Certificate of Deposit CD -
A debt instrument issued by a bank. The depositor agrees to leave an agreed-upon amount of money on deposit for a specified period of time in return for a rate of interest that's generally higher than that available with a savings account. CD's are FDIC-insured up to $100,000.
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