CERTIFICATE OF DEPOSIT

certificate of deposit. 1. A banker’s certificate acknowledging the receipt of money and promising to repay the depositor. 2. A bank document showing the existence of a time deposit, usu. one that pays interest. — Abbr. CD. [Cases: Banks and Banking 152. C.J.S. Banks and Banking §§ 294–300, 370.] negotiable certificate of deposit. A security