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Glossary > C > "Certificate of deposit" Definition

Certificate of deposit

A certificate, issued by a bank to a depositor, indicating a sum of money has been deposited for a specified term and on which interest is paid.

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Certificate of deposit - A certificate, issued by a bank to a depositor, indicating a sum of money has been deposited for a specified term and on which interest is paid.

Certificate of deposit : a certificate, issued by a bank to a depositor, indicating a sum of money has been deposited for a specified term and on which interest is paid.