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certificate of deposit (CD)

n. a document issued by a bank in return for a deposit of money which pays a fixed interest rate for a specified period (from a month to several years). Interest rates on CD's are usually higher than savings accounts because banking institutions require a commitment to leave money in the CD for a fixed period of time. Often there is a financial penalty (fee) for cashing in a CD before the pledged time runs out.

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References in periodicals archive
'Although there are more efficient audio codecs with advanced features available today, mp3 is still very popular amongst consumers,' the German company said in a press release, as relayed by CIO.com.
MP3's additional offshore gas platform, together with Malampaya Phase 2's (MP2) additional deepwater gas production wells that were completed in 2013, will sustain the level of natural gas being harnessed by Malampaya to power up to 30 percent of the country's electricity needs.
Smart Alert and MP3 Smart Alert Series systems are available with a wide range of capabilities to accommodate different application requirements: 1) from simple built-in alarms and chimes to full voice sound; 2) from short, limited message capacity to four hours of playback with multiple playback modes; 3) for indoor or outdoor use with a variety of installation configurations; and, 4) with audible-only operation or with coordinated high-visibility single and multiple color LED signal lights.--Patlite, 888/214-2580; www.patlite.com
The second period in the MP3's history is the change in the status of noise in the 1950s, 1960s, and 1970s.
MP3 Toolkit is a powerful Windows application includes MP3 converter, CD ripper, tag editor, MP3 cutter, MP3 merger and MP3 recorder for users who want to handle MP3 files easier.
In its 'worst case' scenario, the group forecast that sales of MP3 players could drop to just 25 million pounds within five years.
After much research, HCSD decided to utilize MP3 players because of their design as one-piece headset units that have the MP3 control unit built right into the headset.
Media historian Jonathan Sterne has brilliantly tackled aspects of this issue in his recent book MP3: The Meaning of a Format.
Customers can also now store all of their Amazon MP3 purchases free of charge in Cloud Drive, including future MP3 purchases as well as all purchases made before the launch of Cloud Drive and Cloud Player.
A button on the handlebar locks the front suspension so the MP3 stands up on its own.
Piaggio has shaved 15kg off compared to the original MP3, a huge improvement as the mechanism made it heavy.
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