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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 ?
Photo CD discs let me use images freely while knowing that the originals are safe at home.
The Addams Family's Packard V-12 with Yaz's entire music library in a CD disc changer
Among the 19 tracks on CD disc one are Keith Emerson's raucous piano outings on Barrelhouse Shakedown and hit single Honky Tonk Train Blues.
That most unusual private eye Jack Flanders is back for yet another metaphysical mystery adventure in "Dreams Of Rio", a 6 hour, 5 CD disc, audiobook adventure that features a full cast of actors, auditory special effects, and original music.
DVD PixPlay burns the slideshow directly to DVD or CD discs which display automatically when inserted into a computer's drive.
"This figure is reached by adding the cost of the counterfeit items recovered with the number of blank DVD and CD discs recovered that would have had films and music copied on to them in the future."
In addition to the light-speed animation, PlayStation 2 will also be able to play DVD and CD discs.
These servers eliminate the need to pass around popular CD discs and eliminate the difficulty of keeping track of the whereabouts of discs when they are shared among many users.