Investing Glossary Certificate Term certificate time deposit money maturity date

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Investing Glossary: Certificate of deposit (CD)

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Term:

Certificate of deposit (CD)

Definition:

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 has a Maturity date and a specified Interest rate, and can be issued in any denomination. The Duration can be Up to five years.

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