Certificate Of Deposit (Noun)
Meaning
A debt instrument issued by a bank; usually pays interest.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The bank offered a wide range of investment options, including a certificate of deposit with a competitive interest rate.
- She invested her savings in a certificate of deposit to generate a higher return than her regular checking account.
- The financial advisor recommended that his client purchase a certificate of deposit as a low-risk investment.
- The interest rate on the certificate of deposit was slightly higher than on a traditional savings account.
- The investor chose a certificate of deposit with a five-year term to maximize her earnings.