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Certificate of deposit
A type of bank account representing a time deposit, which is insured, with a specific, fixed term, and, usually, a fixed interest rate.
📖 Definitions of "Certificate of deposit"
noun
- 1
A type of bank account representing a time deposit, which is insured, with a specific, fixed term, and, usually, a fixed interest rate.
- 2
The certificate issued to the holder of such an account, verifying that he owns it.
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