Certificate of Deposit


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Related to Certificate of Deposit: negotiable certificate of deposit

Certificate of Deposit

A written recognition by a bank of a deposit, coupled with a pledge to pay the deposited amount plus interest, if any, to the depositor or to his or her order, or to another individual or to his or her order.

A form of Commercial Paper that serves as documentary evidence that a savings account exists.

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.

See: receipt
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Moreover, the company stated that they continue to offer customers the three -year certificate of deposit as the bank increased the rates of the three-year certificate to be 10.
Mashreq Egypt launches new five-year certificate of deposit
Two issues have arisen with respect to a certificate of deposit pledged as collateral.
Certificateless and Non-Negotiable Certificates of Deposit as Pledged Collateral: Don't Bet on It!
The Sallie Mae Bank 12-month certificate of deposit carries no fees and no maximum balance.
Sallie Mae Bank revises lending rate for 12-year certificate of deposit
The rating reflects the credit quality of the certificate of deposit obligor, Deutsche Bank AG ('AA-'); and the reference entity, MBIA Insurance Corp.
S&P Asgns USD Cert of Deposit Linked to MBIA Cert Rtg
This means that current clients using FT Interactive Data's delivery products do not need to program in order to receive Long-Term, Taxable Certificate of Deposit data.
Long-Term Taxable Certificate of Deposit Data Available From FT Interactive Data
Nasdaq:CNBF), introduced throughout its markets a new FDIC - insured certificate of deposit that is directly tied to the performance of the Nasdaq 100 Index(R).
Central National Bank Introduces Nasdaq 100 Index Linked CD
June 26, 2000-- Standard & Poor's today assigned its single-'A' long-term counterparty credit and certificate of deposit ratings to Union Bank of Norway (UBN), Norway's third-largest banking group.
S&P Assigns 'A' Ratings to Union Bank of Norway
Those interested in applying online for a certificate of deposit, or money market deposit or checking account can visit the Web site at to www.
Deposit Products Added to Auto Club Web Site
Heartland also announced that in January, 2000 it commenced operations of a certificate of deposit brokerage program, headed up by Vice President Bob Maher.
Heartland Bancshares, Inc. Announces Fourth Quarter Earnings of $.22 Per Share

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