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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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
| DRAGON'S IRE: Car CD player with remote control, above, not to be given a sales pitch to TV dragon Duncan Bannatyne!
IWANTIT iPod Docking Station and CD Player, was pounds 79.99, now pounds 39.99, Currys.
FAN FOR While we appreciate that the CD player also only played those discs that we had prepurchased or borrowed, why does it feel as though buying a car without one means being short-changed?
David Turner QC, prosecuting, told Liverpool Crown Court that Gerrard asked McGee for a card controlling the CD player, saying: "Here y'are lad.
The CD player and the tax disc were taken and the offender fled.
Fortunately, there are now CD players that will do this.
He said he was paid pounds 10 by them for each CD player he sold.
It is hard to believe that the DiVA CD73 is Arcam's lowest-priced CD player. According to Arcam's literature, the CD73 includes a 24-bit DAC from Wolfson MicroElectronics, plus a double-sided, through-hole-plated motherboard and a low-noise toroidal power transformer.
Walker, you got your stove up too high," Passion turns the stove down, walks over to the Walkers' CD player, and pops in one of the Walkers' many, many Bloodie Killa CDs.
The $79.95 unit, which is designed like a Crossfire sports coupe, has a CD player hidden under the hood, a backlit windshield LCD alarm clock and four speakers disguised as wheels.
Standard equipment includes tinted windows, a radio antenna embedded in the windshield, front power windows, CD player and RDS radio.
Hy-Tek's new Tek Panel 370, driven by Intel's Pentium 4 processor, offers users a multimedia computer, TV, digital VCR, CD player, and Bose multimedia sound--all operated by a wireless remote keyboard with integrated mouse.