a written acknowledgment of a bank that it has received from the person named a specified sum of money as a deposit, often for a fixed term at a specified interest rate.
Abbreviation: CD, C.D.
Examples from the web for certificate of deposit
The dormancy period for a matured certificate of deposit is five years.
All interest earned from the certificate of deposit will belong to the depositor.
British Dictionary definitions for certificate of deposit
certificate of deposit
noun
1.
a negotiable certificate issued by a bank in return for a deposit of money for a term of up to five years CD