Certificate Deposit

A certificate of deposit or CD is a type of financial asset known as a time deposit. CDs are a type of debt instrument over a fixed term (often specified in years) and usually priced at a fixed interest rate. The issuer of a CD to be held until maturity, at which time they can be withdrawn and interest paid.

See also deposit, assets, and financial asset.

References

  1. Roche, Cullen O. 2011. ‘Understanding the Modern Monetary System’. http://ssrn.com/paper=1905625.
  2. Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
  3. Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007.
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