Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
certificate of deposit
1. A banker's certificate acknowledging the receipt of money and promising to repay the depositor. 2. A bank document showing the existence of a time deposit, usu. one that pays interest. - Abbr. CD.
negotiable certificate of deposit
A security issued by a financial institution as a short-term source of funds, usu. with a fixed interest rate and maturity of one year or less.