Certificate Deposit
A certificate of deposit or CD is a type of financial asset known as a time deposit. CDs are a type of debt instrument over a fixed term (often specified in years) and usually priced at a fixed interest rate. The issuer of a CD to be held until maturity, at which time they can be withdrawn and interest paid.
See also deposit, assets, and financial asset.
References
- Roche, Cullen O. 2011. ‘Understanding the Modern Monetary System’. http://ssrn.com/paper=1905625.
- Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
- Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007.