Speakur

Word Pronunciation & Dictionary

certificate of deposit

Word Rarity Rare

Frequency: Zipf frequency 3.96 in modern English

Syllables
cer-tifi-cate of de-posit
IPA
33
Scrabble Score
20
Letters
4
Syllables
11
Unique Chars

Meaning

noun

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.

noun

The certificate issued to the holder of such an account, verifying its ownership.

Subject

Wiktionary places this term in Finance.

Inflected Forms

certificates of deposit (plural)

Synonyms

CD

Questions

What does certificate of deposit mean?
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.

How to pronounce certificate of deposit

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