Certificate Of Deposit (CD)

Posted in Finance, Accounting and Economics Terms, Total Reads: 959

Definition: Certificate Of Deposit (CD)

ACD is a money market instrument with a short maturity period (less than 1 year). These are usually issued by banks to investors who accept to deposit their money for certain duration with the bank in return for some interest rate. These are low risk and hence low return earnings securities. These are standard securities.

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