CD

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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 ?
The new software provides instant 2-Trk or stereo CD quality recording on a PC.
Neil greatly appreciates the importance of high sound quality for his music, and MusicGiants is the only service offering true CD quality sound for this early release via the Internet," said Elliot Mazer, Young's long time producer, who first worked with Young in 1971 on the legendary "Harvest" album.
Scosche's Bluetooth wireless technology transmits continuous streaming audio with digital sound CD quality to your car or home receiver