A certificate of deposit (CD) is a bank deposit for a fixed term, issued as a negotiable instrument: the bank pays principal and simple interest at maturity, and the holder can sell the certificate before then.
Quantitative Finance · Glossaire
Quantitative Finance · Glossaire
A certificate of deposit (CD) is a bank deposit for a fixed term, issued as a negotiable instrument: the bank pays principal and simple interest at maturity, and the holder can sell the certificate before then.