certificate of deposit

noun phrase

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

Examples of certificate of deposit in a Sentence

Recent Examples on the Web Billions of dollars in cash are pouring into one of the most staid investments, the certificate of deposit, though many savers aren’t unlocking their full potential. Oyin Adedoyin, wsj.com, 24 Apr. 2023 Valley said the city has $100,000 in a certificate of deposit that can be cashed and used for the repairs. Bill Bowden, Arkansas Online, 3 July 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'certificate of deposit.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1846, in the meaning defined above

Time Traveler
The first known use of certificate of deposit was in 1846

Dictionary Entries Near certificate of deposit

Cite this Entry

“Certificate of deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/certificate%20of%20deposit. Accessed 7 Dec. 2023.

Legal Definition

certificate of deposit

: 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)

More from Merriam-Webster on certificate of deposit

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