certificate of deposit

noun phrase

: a money-market bond of a preset face value paying fixed interest and redeemable without penalty only on maturity

Examples of certificate of deposit in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
So, for example, if you were offered an above-average rate with a certificate of deposit (CD) account, locking it in before the rate climate cooled made sense. — Matt Richardson, CBS News, 29 June 2026 America's favorite investment has changed over time In 2008, as the Great Recession descended, Americans picked the humble savings account (and the certificate of deposit) as their favorite long-term investment in Gallup polls. — Daniel De Visé, USA Today, 30 June 2026 See All Example Sentences for certificate of deposit

Word History

First Known Use

1846, in the meaning defined above

Time Traveler
The first known use of certificate of deposit was in 1846

Rhymes for certificate of deposit

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Browse Nearby Words

certificate of age
certificate of deposit
certificate of indebtedness
See all Nearby Words

Cite this Entry

“Certificate of deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/certificate%20of%20deposit. Accessed 7 Jul. 2026.

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Legal Definition

certificate of deposit

: a money-market bond of a preset face value (as $10,000) paying fixed interest and redeemable without penalty only on maturity (as after two years)

More from Merriam-Webster on certificate of deposit

Britannica.com: Encyclopedia article about certificate of deposit

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