{"iri":"https://folio.openlegalstandard.org/R9HKgi7LSbdz9zvbOykr6pp","label":"Certificate of Deposit","sub_class_of":["https://folio.openlegalstandard.org/R8Ahr1iRMkczkHNvcrZ3KOG"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"CD","alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A Certificate of Deposit (CD) is a time-bound deposit made with a bank or financial institution that offers a fixed interest rate over a specified period. Unlike a regular savings account, funds in a CD are usually locked in for the term of the CD and early withdrawal may result in penalties.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}