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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 periodicals archive ?
Right now Ford is purging CD players from their cars in Europe.
FORD has just made a bold statement that it was going to scrap CD players from some new vehicles in favour of MP3 inputs and ultimately internet music streaming.
Pioneer also makes CD-R recordable CD players, along with its popular CD players.
Please note also that although we have included a few DACs in our listing, our general advice is to avoid separate DACs and to purchase a one-box CD player instead.
Durham Crown Court was told the 37-year-old fell asleep and when he awoke, claimed his CD player and earphones were missing, blaming Wilson and punching him.
Most people have a phone, clock and CD player by the bedside.
The Superscope PSD230 Portable Variable-Speed & Pitch CD Player (www.
8/10 Where to buy: 0845 6010 354 Personal CD Player with Anti-Shock Goodmans Price pounds 24.
The PDP 2090U is a personal MP3 CD player for pounds 130.
A SONY radio CD player, 10 CDs and a wallet were stolen from a Ford Escort Cabriolet in St David's Way, Nuneaton, between 7pm and 9.
The temptation is great to write about the many things I saw and heard, but I'll confine my writing to one particular CD player that caught my attention and which I purchased, the RCA RP-8065 5-CD carousel with remote control.
A less popular option for movie lovers: laser disc players, which provide better picture quality than a VCR and move track to track like a CD player and, in newer models, are recordable.