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Financial Dictionary

Financial Dictionary - definitons of investment, economic and financial terms

Atlantic Financial


Atlantic Financial


Investment Word

Certificate of Deposit (CD)

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A Certificate of Deposit (CD) is paper issued by banks and insured by FDIC. Banks agree to pay a stated amount of interest on a Certificate of Deposit and FDIC guarantees those interest payments and the principal. A Certificate of Deposit is safe from principal risk, but tends to pay low interest rates.
These rates
have historically not kept pace with the rate of inflation.

Certificate of Deposit (CD) - definition

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