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
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.
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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
Britannica.com: Encyclopedia article about certificate of deposit
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