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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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subsidiary Digital Audio Disc Corp., the nation's first manufacturer of compact discs, has completed construction of a $1 0 million, 56,000-square-foot facility where it produces 12-inch laser videodiscs.
The distributor also acts as a "sister company" to Terre Haute's Digital Audio Disc Corporation (DADC).
SGB: The audio industry appears to be ready to consider a new 24/96 standard in new Digital Audio Discs (DAD).

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