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LeoGlossary: Certificate of Deposit (CD)

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leoglossary@leoglossary
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a year ago - 1 minutes read

A certificate issued by a bank that shows a specified amount of money was deposited. It is good for a certain time period at a particular interest rate. The end date is known as the maturity date. Certificates of Deposit can be in any denomination and can last up to 5 years.

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