CERTIFICATE OF DEPOSIT Definition

Bookmark and Share

CERTIFICATE OF DEPOSIT (CD) is a document written by a bank or other financial institution that is evidence of a deposit, with the issuer's promise to return the deposit plus earnings at a specified interest rate within a specified time period.

Learn new Accounting Terms

LEU (LEI) is a currency of Moldova and Romania.

ENCUMBRANCE is a) a right or interest in land owned by someone other than the owner of the land itself; examples include easements, leases, mortgages, and restrictive covenants; or, b) in accounting, an encumbrance is an anticipated expenditure, or funds restricted for anticipated expenditures, such as for outstanding purchase orders.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.