Discussion
What is the full form of "CD"?
Answer: A
Correct answer: Certificate of Deposit
A certificate of deposit is a negotiable money market instrument issued by a bank against funds deposited for a fixed term, carrying a stated rate and maturity.
Its distinguishing feature is negotiability: unlike an ordinary term deposit it can be transferred by endorsement or delivery, so the holder can realise it before maturity by selling it rather than by breaking it. In India CDs are issued in dematerialised form, generally at a discount to face value, and are governed by RBI directions on minimum size and tenor.
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