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The places to find information on what a good definition of what a CD is, are many. Good places to start include: The Free Dictionary, Tech Terms, Webopedia and many more.

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10y ago
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1mo ago

A CD, or certificate of deposit, is a financial product offered by banks and credit unions that typically pays a higher interest rate than a regular savings account. When you invest in a CD, you agree to leave your money in the account for a specific period of time, known as the term, in exchange for the higher interest rate. At the end of the term, you can withdraw your initial deposit plus any earned interest.

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Q: Where can one find a good definition for what is a CD?
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