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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 ?
A Stamina Rechargeable Battery: Battery life allows for up to approximately nine CD-R discs or eight CD-RW discs to be written at 24X speed, up to four hours of CD audio playback, up to one-and-a-half hours of DVD-ROM playback, and up to 10 hours of MP3 CD playback.
So that's where Austin Powers' Mojo got to: TDK snaffled it and stuck it inside its new MP3 CD player.
Acoustica has released MP3 CD Burner, a full-featured Windows application that makes it easy to turn MP3 music files into music CD's that play on ordinary home and car stereos.
It even comes with standard notation and TAB, and an MP3 CD of over 3 hours of music.
The model features automatic light-sensing headlamps, fog lamps for both the front and rear, electrically adjustable and folding mirrors, dual zone climate control air conditioning, a six-speaker MP3 CD player with AUX input, an auto-dimming rear view mirror, an air conditioned glovebox, and airbags.
Also available in an MP3 CD format (1400151511, 1 CD, $19.
Caption(s): Jwin is considering including MP3 CD playback capabilities with its JXCD-6700 slated to launch in October.