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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 ?
The DualDisc aspect has videos and documentary, making it a must-have for fans
MCA Nashville recently issued her Greatest Hits collection in the new DualDisc format, with audio tracks on the CD side and music videos on the DVD side.
tack's second mandate is to add new revenue streams, including mobile digital download sales and licensed peer-to-peer services, and the single disc CD/DVD format DualDisc.