Certificate of deposit definition

Certificate of deposit means an instrument containing an acknowledgment by a bank that a sum of money has been received by the bank and a promise by the bank to repay the sum of money. A certificate of deposit is a note of the bank.

Certificate of deposit means a Written acknowledgment by an Insured or a Financial Institution of receipt of Money with an engagement to repay it.

Certificate of deposit means a written acknowledgement by a bank of a deposit with promise to pay to depositor, to his order, or to some other person or to his order said deposit with interest on a specified date.

Examples of Certificate of deposit in a sentence

• Certificate of deposit number.b. Certificate of deposit rate.c. Certificate of deposit amount.

• Certificate of deposit with the California Department of Forestry and Fire Protection as payee, issued by a bank or similar financial institution which is a member of the Federal Reserve System or is insured by the Federal Deposit Insurance Corporation.

• Certificate of deposit accounts maturing within one year are valued at their carrying amount.

• Certificate of deposit accounts maturing after one year are estimated by discounting cash flows from expected maturities using current interest rates on similar instruments.

• Your statement will reflect the APY which is the total amount of interests earned on $100 over a 365-day period or 366 in a leap year, expressed as a percentage and based on the annual rate of simple interest applicable to the deposit and the frequency with which the interest is Certificate of deposit.

More Definitions of Certificate of deposit

Certificate of deposit means a negotiable

Certificate of deposit means a negotiable certificate of deposit held by a bank or other financial institution regulated and examined by a state or federal agency, the value of which is fully insured by an agency of the United States government. A certificate of deposit used to fulfill the requirements of this part shall be in the sole name of the department with a maturity date of not less than 1 year and shall be renewed not less than 60 days before the maturity date. An applicant who uses a certificate of deposit as a bond shall receive any accrued interest on that certificate of deposit upon release of the bond by the department.

Certificate of deposit means a deposit of account by the Authority at an Eligible Institution with a defined dollar amount, term, rate and place of payment, which shall be collateralized as set forth herein.

Certificate of deposit means the certificate issued by the Registered Vehicle Scrapping Facility to recognize the transfer of ownership of the vehicle from the registered owner to the Registered Scrapper for further treatment.

Certificate of deposit means a certificate of deposit issued by a Deposit Taker as required by Section 5.4 below to evidence an Account into which Cash Collateral has been deposited pursuant to this Agreement. Each Certificate of Deposit shall be issued in an amount equal to the Value of the Account which it evidences and shall otherwise be in the form set forth as ATTACHMENT 1.

Certificate of deposit means a bank record of a sum of money which has been received by the bank and a promise made by the bank to repay the sum of money. The term does not include a deposit account. A certificate of deposit may be negotiable, nonnegotiable, nontransferable, certificated, or uncertificated.

Certificate of deposit means a certificate issued by a bank or financial institution acknowledging receipt of a specified sum of money in a special kind of time deposit, drawing interest and requiring written notice for withdrawal.