certificates of deposit

A form of certificate of deposit — A time deposit offered by a bank or credit union, wherein the depositor commits a fixed sum of principal for a predetermined maturity period, in exchange for a guaranteed interest rate higher than that of a standard savings account.

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Meanings

noun
  1. pluralplural of certificate of deposit
Cite this entry
APA

certificates of deposit. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/certificates%20of%20deposit

MLA

“certificates of deposit.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/certificates%20of%20deposit. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “certificates of deposit,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/certificates%20of%20deposit.

Source: certificates of deposit on Wiktionary, CC BY-SA 4.0.