14 Apr

CERTIFICATE OF DEPOSIT

Black’s Law Dictionary 8th Edition: 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.]

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