noun ·Uncommon ·Advanced level

Definitions

Noun

1. 1
   A time deposit offered by a bank or credit union, wherein the depositor commits a fixed sum of principal for a predetermined maturity period, in exchange for a guaranteed interest rate higher than that of a standard savings account.
2. 2
   a debt instrument issued by a bank; usually pays interest wordnet
3. 3
   The certificate issued to the holder of such an account, verifying its ownership.

Synonyms

All synonyms

acceptanceacceptance billbank acceptancebank checkbillbill of draft