Certificate of Deposit
/ˈsɜːrtɪfɪkət ʌv dɪˈpɒzɪt/
Definitions
- (n.) A negotiable financial instrument issued by a bank acknowledging receipt of a deposit for a fixed term and interest rate.
She invested in a certificate of deposit to earn interest over six months.
Forms
- certificates of deposit
Related terms
Commentary
Certificate of deposit usage is common in banking law; clear term and interest provisions help avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.