Cartoon Guy Holding Stack Of Books

Character Witness

ABC Blocks

A document issued by a bank in return for a deposit of money which pays a fixed interest rate for a specified period (from a month to several years). interest rates on cd’s are usually higher than savings accounts because banking institutions require a commitment to leave money in the cd for a fixed period of time. often there is a financial penalty (fee) for cashing in a cd before the pledged time runs out.

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