Certificate Of Deposit

document which shows that a deposit has been made, certificate which shows that money has been deposited in the bank

This article is specific to the United States. For a more general article, see Time deposit.A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks, thrift institutions, and credit unions.Such CDs are similar to savings accounts in that they are insured and thus virtually risk-free; they are "money in the bank" (CDs are insured by the FDIC for banks or by the NCUA for credit unions). They are different from savings accounts in that the CD has a specific, fixed term (often three months, six months, or one to five years), and, usually, a fixed interest rate. It is intended that the CD be held until maturity, at which time the money may be withdrawn together with the accrued interest.
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Noun
1. a debt instrument issued by a bank; usually pays interest
(synonym) CD
(hypernym) debt instrument, certificate of indebtedness
(hyponym) time deposit

Also called a time deposit, this is a certificate issued by a bank or thrift that indicates a specified sum of money has been deposited. A C.D. bears a maturity date and a specified interest rate, and can be issued in any denomination. The duration can be up to five years.