MLchartDataset catalogue

Certificate of deposit

Term · Law · MLC-T-LAW-000905

A savings certificate issued by a bank entitling the bearer to receive interest. It is a time deposit that restricts access to the funds until the maturity date. CDs typically offer higher interest rates than regular savings accounts in exchange for the commitment to keep the money deposited for a specified term.

Table 1. Record
IdentifierMLC-T-LAW-000905
FieldLaw
AbbreviationCD
Record as JSON 
{
  "id": "MLC-T-LAW-000905",
  "term": "Certificate of deposit",
  "field": "Law",
  "definition": "A savings certificate issued by a bank entitling the bearer to receive interest. It is a time deposit that restricts access to the funds until the maturity date. CDs typically offer higher interest rates than regular savings accounts in exchange for the commitment to keep the money deposited for a specified term.",
  "abbreviation": "CD",
  "url": "https://mlchart.com/terminology/law/certificate-of-deposit/"
}

Record 717 of 5,445 in Law terminology (MLC-0107). Request the full dataset.