Meaning of certificate of deposit

certif'icate of depos'it

Pronunciation: [key]
  1. a written acknowledgment of a bank that it has received from the person named a specified sum of money as a deposit, often for a fixed term at a specified interest rate. Abbr.: CD, C.D.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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