A certificate of deposit is a special form of note.

Name: A certificate of deposit is a special form of note.
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A certificate of deposit is a type of financial instrument issued by banks or credit unions, where the depositor agrees to leave the funds invested for a specific period of time, in exchange for a fixed rate of interest. It is considered a type of note because it represents a promise by the financial institution to repay the funds plus interest at maturity.

A Certificate of Deposit Is a Special Form of Note