Certificate of deposit (CD) - Financial definition
Financial acronyms
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Concise definition of the term certificate of deposit
Certificates of Deposit are short-term debt instruments issued by banks in order to cover their financing needs. They generally take the form of discount securities, although other forms are possible, and have maturities that range from a couple of days to several months.
Comprehensive definition of the term certificate of deposit
Certificates of deposit are generally purchased by other banks or institutional investors (large corporations, asset managers …) with excess cash to invest.