Financial Dictionary

This dictionary contains:
24549
financial terms

Certificate of deposit (CD)




Certificate of deposit (CD)

A certificate, issued by a bank to a depositor, indicating a sum of money has been deposited for a specified term and on which interest is paid.

RELATED TERMS
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Certificate
A formal document used to record a fact and used as proof of the fact, such as stock certificates, that evidence ownership of stock in a corporation.

Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.

Money
A means of payment, especially coins and banknotes, although some definitions also include bank deposits, checks, etc.

Term
The period of time during which a contract is in force.

Interest
The amount of money a lender loans a borrower to pay for using the borrower's principal.



SIMILAR TERMS
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Certainty equivalent
An amount that would be accepted today (risk free) in lieu of a chance to receive a possibly higher, but uncertain, amount.

Certainty equivalent return
The certain (zero risk) return an investor would trade for a given (larger) return with an associated risk.

Certicom Corp.
Certicom Corp. is one of Canada's largest companies.

Certificate
A formal document used to record a fact and used as proof of the fact, such as stock certificates, that evidence ownership of stock in a corporation.

Certificate of Accrual on Treasury Securities (CATS)
Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity.

Certificate of deduction of tax
A certificate, issued by a building society or bank (in accordance with Section 352 of the Income and Corporation Taxes Act 1988) to its customers with interest bearing accounts, in which gross interest, tax deducted and net interest are depicted.

Certificate of origin
A document certifying the country of origin for goods sold internationally.

Certificateless municipals
Municipal bonds with one certificate which is valid for the entire issue, and having no individual certificates, easing transactions.

Certificates of Amortized Revolving Debt (CARD)
Pass-through securities backed by credit card receivables.

Certificates of Automobile Receivables (CAR)
Pass-through securities backed by automobile loan receivables.

Certified check
A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.

CERTIFIED Credit Union
CERTIFIED is a credit union with head office in COMMERCE, CA

Certified Financial Planner (CFP)
A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs.

Certified financial statements
Financial statements that include an accountant's opinion.

Certified Public Accountant (CPA)
An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state.

Certipost
Certipost is a major Belgian company.



PREVIOUS AND NEXT TERMS
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Certainty equivalent
An amount that would be accepted today (risk free) in lieu of a chance to receive a possibly higher, but uncertain, amount.

Certainty equivalent return
The certain (zero risk) return an investor would trade for a given (larger) return with an associated risk.

Certificate
A formal document used to record a fact and used as proof of the fact, such as stock certificates, that evidence ownership of stock in a corporation.

Certificate of Accrual on Treasury Securities (CATS)
Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity.

Certificate of deduction of tax
A certificate, issued by a building society or bank (in accordance with Section 352 of the Income and Corporation Taxes Act 1988) to its customers with interest bearing accounts, in which gross interest, tax deducted and net interest are depicted.

Certificate of deposit (CD)

Certificate of origin
A document certifying the country of origin for goods sold internationally.

Certificateless municipals
Municipal bonds with one certificate which is valid for the entire issue, and having no individual certificates, easing transactions.

Certificates of Amortized Revolving Debt (CARD)
Pass-through securities backed by credit card receivables.

Certificates of Automobile Receivables (CAR)
Pass-through securities backed by automobile loan receivables.

Certified check
A bank guaranteed check for which funds are immediately withdrawn, and for which the bank is legally liable.

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This dictionary contains 24549 terms.







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