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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 product of LumenSoft, Candela M enables manufactures to track the entire production process from buying of raw materials to the delivery of finished goods.
Under their April merger agreement, Syneron Candela and its representatives were permitted to solicit and engage in negotiations with respect to alternative acquisition proposals until 9 May.
The former Stanhope Hotel at 995 Fifth Avenue, which Candela designed in 1926, was recently renovated by Extell Development Company.
The call can be accessed live by dialing (866) 244-4518 or by visiting Candela Corporation's website at www.
But Notre Dame, which now has three five-game victories this season, rallied in Game 3 behind the steady play of Rice, Candela and setter Ester Azchesta, who finished with 57 assists.
If you own common stock of Candela and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below.
NASDAQ:ELOS) and Candela Corporation (NASDAQ:CLZR) announced today that they have entered into a definitive agreement to combine the companies in an all stock transaction.
Although he is from Massachusetts, Candela and Carroll, who coached the New England Patriots, had no connection until recently, when Candela sent USC a tape of his high school games.
With Alex TriVantage's Laser-Pumped-Laser (LPL) technology, a greater number of doctors will be able to offer a wider variety of services assured of the ability to provide treatment regardless of the patient's skin color," said Candela President and Chief Executive Officer, Gerard E.
Additional Information and Where to Find It: On November 12, 2008, Candela Corporation filed a definitive proxy statement with the Securities and Exchange Commission (the "SEC") relating to Candela's annual meeting of stockholders on December 12, 2008.
Candela President and Chief Executive Officer stated, "We strongly disagree with the jury's decision and are evaluating the Company's options.
Candela Corporation (NASDAQ: CLZR), a global leader in the development and commercialization of advanced aesthetic laser and light-based systems, announced today that the United States District Court for the Eastern District of Texas, Lufkin Division issued the Markman ruling on August 6, 2008 in Candela's patent lawsuit against Palomar Medical Technologies, Inc.