Get Certificate Of Deposit Meaning Background. A type of investment in which customers earn interest for saving their money for a fixed period of…. Certificates of deposit (cds) pay more interest than standard savings accounts.
How Do Cds Work Everything You Need To Know Credit Com from www.credit.com
A certificate of deposit, aka a cd, is an example of a time deposit, and has a fixed maturity date and interest rate. Certificate of deposit (plural certificates of deposit). Definition of certificate of deposit:
Cds are governed by the reserve bank of india or rbi.
First known use of certificate of deposit. A cd works like a savings account in the sense that you earn inflation risk: Information and translations of certificate of deposit in the most comprehensive dictionary definitions resource on the web. They are virtually free of risk because of insurance coverage.
