Certificate Of Deposit

C1 16+
Pronunciation Definitions Examples Grammatical Forms Origin and Evolution

Pronunciation: /ˈsɝtəfɪkɪt ʌv dɪˈpɑzɪt/

Definitions of certificate of deposit

noun a document issued by a bank or financial institution to a depositor as evidence of a deposit, usually with a fixed term and interest rate

Example Sentences

A1 I have a certificate of deposit at the bank.

A2 My grandmother gave me a certificate of deposit for my birthday.

B1 I decided to invest in a certificate of deposit to save money.

B2 The certificate of deposit offers a higher interest rate than a regular savings account.

C1 The certificate of deposit matured after five years, and I was able to withdraw the funds with interest.

C2 Before investing in a certificate of deposit, it is important to understand the terms and conditions of the agreement.

Examples of certificate of deposit in a Sentence

formal I decided to invest in a certificate of deposit to earn a fixed interest rate over a specific period of time.

informal I put some money into a CD to earn some extra cash.

slang I stashed some cash in a certificate of deposit to let it grow.

figurative Investing in a certificate of deposit is like planting a seed that grows into a financial tree.

Grammatical Forms of certificate of deposit

plural

certificates of deposit

comparative

more certificates of deposit

superlative

most certificates of deposit

present tense

certifies of deposit

future tense

will certify of deposit

perfect tense

have certified of deposit

continuous tense

is certifying of deposit

singular

certificate of deposit

positive degree

very certificate of deposit

infinitive

to certify of deposit

gerund

certifying of deposit

participle

certified of deposit

Origin and Evolution of certificate of deposit

First Known Use: 1601 year
Language of Origin: Latin
Story behind the word: The term 'certificate of deposit' originated in Europe during the medieval period.
Evolution of the word: Originally used to refer to a written acknowledgment of a debt or obligation, the term 'certificate of deposit' evolved to specifically denote a financial instrument issued by banks for a fixed term and interest rate.