What is a certificate of deposit?

What is a certificate of deposit? Here are some definitions.

Noun A type of bank account representing a time deposit, which is insured, with a specific, fixed term, and, usually, a fixed interest rate. The certificate issued to the holder of such an account, verifying that he owns it. Find more words! 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So any interest income earned from, say, a certificate of deposit bought with community income must be split in half. Having the money in a certificate of deposit is no good if an apartment is available now. The depositary shall give to the depositor a certificate of deposit attesting the deposit of the funds. Simply putting this money into a standard certificate of deposit at a neighborhood bank would earn 50 percent more. Even a slightly higher interest rate on a certificate of deposit can boost your returns. See Also What is another word for certificate of deposit? Sentences with the word certificate of deposit What is the plural of certificate of deposit? Nearby Definitions certificateless certificated certificate authority certificate authorities certificate certifiably Certificate of Need certificates certificates of deposit Certificates of Need certificating certification