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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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In the May Health Physics, the physicists describe exposing compact disks made from polycarbonate plastic to known quantities of radon.
The compact disk can be used for training as well as reference, said Hines.
Five years ago Don Beasant, owner of Donny "B" - a Radio Shack franchise and Sony dealership - installed a point-of-sale cash register system and discovered that his operation was losing about $45,000 annually in stolen cassette tapes and compact disks.

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