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• Usually called a CD, a certificate of deposit is a short - to medium - term instrument (one month to five years) issued by a bank or savings and loan to pay interest at a rate higher than that paid by a regular savings account.

  CA Dept of Corporations - Cite This Source - This Definition
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  Cite Definition for certificate of deposit

  American Psychological Association (APA)

  certificate of deposit. (n.d.). Education and Outreach Financial Literacy. Retrieved March 25, 2023, from website: http://www.expertglossary.com/definition/certificate-of-deposit.

  Chicago Manual of Style (CMS)

  certificate of deposit. www.corp.ca.gov. Education and Outreach Financial Literacy. CA Dept of Corporations. http://www.expertglossary.com/definition/certificate-of-deposit (accessed: March 25, 2023).

  Modern Language Association (MLA)

  "certificate of deposit." Education and Outreach Financial Literacy. CA Dept of Corporations. 25 March. 2023 http://www.expertglossary.com/definition/certificate-of-deposit.

• Browse Related Terms: Annual percentage yield (APY), certificate of deposit, Certificate of deposit (CD), Compound Interest, Escheat, Eurodollar, Individual Account, Interest Rate (High/Low), Jumbo CD, Passbook, Savings account, Simple interest, Time deposit

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