certificate of deposit

a document from a bank showing that money has been deposited at a guaranteed interest rate for a certain period of time.

Abbreviation CD

"...interest rates on certificates of deposit may have little room to decline in August as demand for Funds from major city banks is likely to remain strong. After delaying for months, banks are now expected to issue a large volume of CDs. If banks issue more CDs on the assumption that the official discount rate reduction will be delayed, it is very likely that CD rates will be pegged for a longer period than expected" [Nikkei Weekly]

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