certificate of deposit

noun phrase

Definition of certificate of deposit

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

First Known Use of certificate of deposit

1846, in the meaning defined above

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Time Traveler for certificate of deposit

Time Traveler

The first known use of certificate of deposit was in 1846

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Cite this Entry

“Certificate of deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/certificate%20of%20deposit. Accessed 20 Jan. 2021.

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More Definitions for certificate of deposit

certificate of deposit

noun

English Language Learners Definition of certificate of deposit

chiefly US : an official document in which a bank promises to pay a specified amount of interest when you deposit money in the bank for a specified period of time

certificate of deposit

Legal Definition of 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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