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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 ?
On systems with CD text readout, the playlist and selected track titles are shown while on all units the play list, track number and elapsed time are displayed.
Other models can offer a number of sophisticated features such as CD text that will provide you with information about the band, the track and the album that you are playing.
The impressive spec included a DAB plug-in, 200W of power, CD Text and disc titling.
-- Wired Remote Control with Backlit LCD Display: Gives quick access to the playback controls and displays playback list and MP3/WAV music titles in ID3 tag format, or CD Text information if encoded onto an audio CD.