CD

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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 classic literature ?
Dad owned cattle ranches on Hawaii and Maui--big ones, for the islands.
"We're going to Klondike, and old dad is going along."
No, dad, this is one tangle that your money can't unravel.
"Say, dad!" he shouted up the fo'c'sle hatch, "he says you kin slip down an' see him ef you're anxious that way.
I say, Dad; it'll be our last time together, in this kind of way--.
"Well, you see, dad, when he went away upon this little holiday to Havre he left me to pay accounts and so on.
He could always get money from his dad. He had only to say that he had lost it at cards or something of that sort, and at the same time promise solemnly not to miss a single lecture for three months on end.
I don't know what passed between the poor dad and him after that, but the dad came to me next day and asked me whether I would mind apologizing to Hudson.
"The last, dad!" the lad shouted back, pulling in the horse, and, smiling, he looked round at a bright, rosy-checked peasant girl who sat in the cart smiling too, and drove on.
"Dad, I'll tell you what I'll come pretty close to-ninety miles an hour--Yes, and a hundred.
"Dad took me to call now and then, and made me ask her to Simpson's.
"I've been too busy on that new airship stabilizer dad gave me an idea for.