166k views
0 votes
Certificate of deposit definition

User Azat
by
8.3k points

1 Answer

3 votes

Answer:

A certificate of deposit is a simple and popular savings vehicle offered by banks and credit unions. When a depositor purchases a certificate of deposit, they agree to leave a certain amount of money on deposit at the bank for a certain period of time, such as one year.

User Vanethos
by
8.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.