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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 ?
Union Process, a manufacturer of high performance grinding and dispersing equipment, offers a mini CD containing current literature, including the new brochure on its latest introduction, the DMQ-Mill small media milling system.
More than 6,000 copies of the glossy brochure together with 2,000 mini CD Roms will be available at county libraries, registry offices and at various wedding shows.
The camera has a mini CD writer that uses 156MB three-inch CD-Rs.
Standard equipment includes air-conditioning, sports seats for driver and front passenger, plus radio MINI CD.
Gifts such as Bratz dolls, perfume and even mini CD players have been donated.