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No. A Deposit Certificate cannot be sold. It can only be cashed by the person who took the deposit certificate so buying it would be a bad idea because if anyone else tries to cash the deposit certificate, the bank will not pay them.

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14y ago

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Do Certificates of Deposit avoid probate?

A certificate of deposit is a type of savings certificate that entitles the owner to collect the balance including interest after its maturity date. A certificate of deposit in and of itself does not avoid probate. However, depending on how the certificate is titled, probate may be avoided by adding a beneficiary to the account. The owner of the certificate can name a "payable on death" beneficiary to the account at the time the certificate is issued.


What is the plural of certificate of deposit?

Certificates of deposit.


How would you use a certificate of deposit?

well first you would start the start the deposit of your certificate. I would recomend waiting so your Certificate of deposit can mature with growth. Be sure to add the exact intrest rate of your certificate and be sure to use a calculator to determine your amount of the certificate deposit


What are the dimensions of a safe deposit box?

certificate of deposit


Do you have to pay taxes on a certificate of deposit?

Yes, you generally have to pay taxes on the interest earned from a certificate of deposit.


How do you say certificate of deposit in Portuguese?

Certificate of Deposit in Portuguese is "Certificado de Depósito".


Can a trust be named as the beneficiary of a certificate of deposit (CD)?

Yes, a trust can be named as the beneficiary of a certificate of deposit (CD).


Where can you obtain a certificate of deposit?

You can obtain a certificate of deposit (CD) from banks, credit unions, and other financial institutions.


What is a bank CD?

A CD refers to a Certificate of Deposit. It is a certificate given to you by a bank for depositing cash with them. They would pay you an interest for having the deposit with them.


How can I give a certificate of deposit as a gift?

To give a certificate of deposit as a gift, you can visit a bank or financial institution and purchase a certificate of deposit in the recipient's name. You can then present the certificate to them as a gift, along with any necessary documentation for them to access the funds when the CD matures.


Can I buy a car from someone who doesn't own it but has signed papper work from the owner saying they came?

No. A person who doesn't own a car cannot sell it. In order to purchase a car and then register it in your name as owner you need a Certificate of Title signed by the present owner of the car. That certificate is the document that transfers ownership to you. You must then turn it in to the state department of motor vehicles to register the car in your name. The DMV will then issue a new Certificate of Title in your name. Without a Certificate of Title you are not the legal owner.No. A person who doesn't own a car cannot sell it. In order to purchase a car and then register it in your name as owner you need a Certificate of Title signed by the present owner of the car. That certificate is the document that transfers ownership to you. You must then turn it in to the state department of motor vehicles to register the car in your name. The DMV will then issue a new Certificate of Title in your name. Without a Certificate of Title you are not the legal owner.No. A person who doesn't own a car cannot sell it. In order to purchase a car and then register it in your name as owner you need a Certificate of Title signed by the present owner of the car. That certificate is the document that transfers ownership to you. You must then turn it in to the state department of motor vehicles to register the car in your name. The DMV will then issue a new Certificate of Title in your name. Without a Certificate of Title you are not the legal owner.No. A person who doesn't own a car cannot sell it. In order to purchase a car and then register it in your name as owner you need a Certificate of Title signed by the present owner of the car. That certificate is the document that transfers ownership to you. You must then turn it in to the state department of motor vehicles to register the car in your name. The DMV will then issue a new Certificate of Title in your name. Without a Certificate of Title you are not the legal owner.


Is a certificate of deposit debited or credited?

Certificate of deposit is a current asset account and that's why it has a debit balance as a normal balance.