A negotiable certificate of deposit pledged with DGT as pledgee.
You have to pay a penalty if you withdraw your CD (certificate of deposit) before matures.
Don't just sock away this money under your mattress; put it in a high-interest online savings account, a certificate of deposit or a money market account.
The relevant bank shall pay by transfer account, in accordance with the stipulations of the house purchase contract, the money in the certificate of deposit for purchase of house to the seller of the commodity residential house.
Fed Chairman Ben s. Bernanke is planning to use the program, which he says is analogous to a bank certificate of deposit, to eventually help policy makers raise interest rates.
A certificate of deposit would make sure you got your invested capital back intact, but the highest rates I could find for a one-year CD were less than 2%.
Article 76 Where a bill of exchange, cheque, promissory note, bond, certificate of deposit, warehouse receipt or bill of lading is pledged, the document of title shall be delivered to the pledgee within the time limit specified in the pledge contract.
