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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 ?
"We can do things in CD-i that can then create demand in CD-ROM and other forms of CD.
Miao claims the number of CD-i systems sold to date in the U.S.
Information relative to the application can be stored on a floppy diskette or accessed from the CD-I disc.
in San Jose, Calif., is introducing their CD-I Interactive Compact Disc Viewer.
Different types of images will require different depth of color which CD-I handles in a manner more appropriate to each type:
CD-I also will incorporate full-motion video display capabilities.
CD-I will present consumers with stand-alone hardware that operates much like a videogame machine, but looks more like an ordinary CD-audio player.
The hardware-based obstacles to CD-I have been overcome.