CERTIFICATE OF DEPOSIT

certificate of deposit. 1. A banker’s certificate acknowledging the receipt of money and promising to repay the depositor. 2. A bank document showing the existence of a time deposit, usu. one that pays interest. — Abbr. CD. [Cases: Banks and Banking  152. C.J.S. Banks and Banking §§ 294–300, 370.] negotiable certificate of deposit.A security issued by a financial institution as a short-term source of funds, usu. with a fixed interest rate and maturity of one year or less. [Cases: Banks and Banking  152. C.J.S. Banks and Banking §§ 294–300, 370.] CERTIFICATE OF DISCHARGE certificate of discharge.See SATISFACTION PIECE. [Blacks Law 8th]