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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.

References in classic literature ?
Von had been in the army, and Dad was an old sea-dog, and they were both stern disciplinarians; only the two girls had no mother, and neither had I, and they were two men after all.
And Dad and Von timed us in the saddling and made a most rigid examination of the result.
In the cool season the girls used to come down and visit me in Hilo, where Dad had two houses, one at the beach, or the three of us used to go down to our place in Puna, and that meant canoes and boats and fishing and swimming.
We're going to Klondike, and old dad is going along.
If there's any slip-up, if old dad gets turned back by the police, I'm going to pick out the first quiet bit of landscape and take you ashore on it.
You pray so hard that old dad gets by the police that he does get by.
A little work will ease up your head, an' you kin tell us all abaout your dad an' your ma n' your money efterwards.
Don't go to tamperin' with dad any more," he pleaded.
Well, you see, dad, when he went away upon this little holiday to Havre he left me to pay accounts and so on.
I don't know what passed between the poor dad and him after that, but the dad came to me next day and asked me whether I would mind apologizing to Hudson.
Victor, you will acknowledge that you have used this worthy fellow rather roughly," said the dad, turning to me.
I've been too busy on that new airship stabilizer dad gave me an idea for.