certificate of deposit

     

A certificate of eposit or CD is a time deposit, a financial product commonly offered to consumers by banks, thrift institutions, and credit unions.

Trivia about certificate of deposit

  • At your bank a CD isn't a compact disc, it's this
  • You don't get this type of CD from a music store, you get it from a bank
  • If you invest in a "CD" down at the bank, it's not music, but one of these

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