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certificate of deposit

Definition of certificate of deposit

  1. :  a money-market bond of a preset face value paying fixed interest and redeemable without penalty only on maturity



1846

First Known Use of certificate of deposit

1846


Law Dictionary

certificate of deposit

  1. :  a money-market bond of a preset face value (as $10,000) paying fixed interest and redeemable without penalty only on maturity (as after two years)




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