Definition of "certificate of deposit" []

• A certificate from a bank stating that the named party has a specified sum on deposit, usually for a given period of time at a fixed rate of interest. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "I went down to the First Union, where I had my own checking account; I had saved up four thousand dollars and bought a certificate of deposit with that money and I told the bank manager I wanted to make a loan against my CD."