Home  | Term of the Day | |||
| Certificate of Deposit CD. Short- or medium-term, interest-bearing, FDIC-insured debt instrument offered by banks and savings and loans. CDs offer higher rates of return than most comparable investments, in exchange for tying up invested money for the duration of the certificate's maturity. Money removed before maturity is subject to a penalty. CDs are low risk, low return investments, and are also known as "time ... | ||||
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| Usage Example My grandmother did not trust the stock market and instead got a small interest payment from keeping her money tied up in a certificate of deposit with her local bank. | ||||
Term of the Day
Lobo- Moderator
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Join date : 2013-01-12
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