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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 demand for DVD-Audio playback software is being driven by the growth in player sales and the dramatic increase in the number of titles available.
As the number of DSP manufacturers licensing our technology for DVD-Audio increases, the easier it will be for manufacturers of the players to create compelling products necessary to grow the DVD-Audio market," said Verance President and CEO Bob Cerasoli.
One thing that will boost the fledging market even further is this pounds 400 DVD-Audio player (and DVD video) from Toshiba, due in the shops next month.
If there is so much improvement in quality with the DVD-Audio format, why did it take so long to reach a consensus between the computer and music industries to finalize the specifications?
The public release of this music-industry-supported copy protection framework is the last major step toward enabling DVD-Audio to be commercially introduced this year.
The latest version of Zoran's SiliconSoftware developed for the Vaddis V DVD Multimedia Processor brings new audio capabilities to the listener via their DVD platform that delivers the latest DVD-Audio standard," said Richard Hockenbrock, Vice President, Licensing Operations, Dolby Laboratories.