What does CD stand for in finance? In the world of finance, the term “CD” has a specific meaning that is widely recognized. It refers to a Certificate of Deposit, which is a financial product offered by banks and credit unions. A CD is a type of time deposit that provides a fixed interest rate over a set period, typically ranging from a few months to several years. Understanding the concept of a CD is crucial for individuals looking to invest their money safely and earn a guaranteed return. In this article, we will delve into the details of a CD, its benefits, and its role in the financial market.
