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LSDefine

Simple English definitions for legal terms

certificate of deposit

Read a random definition: legitimation

A quick definition of certificate of deposit:

A certificate of deposit is a piece of paper from a bank that says you gave them some money and they promise to give it back to you later. They also promise to pay you some extra money called interest for letting them keep your money for a certain amount of time.

A more thorough explanation:

A certificate of deposit (CD) is a document issued by a bank that acknowledges the receipt of money from a depositor and promises to repay the amount with interest at a later date.

For example, if you deposit $1,000 in a CD with a term of one year and an interest rate of 2%, the bank will issue you a certificate of deposit that shows your deposit amount, the term of the CD, and the interest rate. At the end of the term, the bank will return your $1,000 plus $20 in interest.

Certificates of deposit are a low-risk investment option that offer higher interest rates than savings accounts. However, they typically require a minimum deposit and have penalties for early withdrawal.

certificate of correction | certificate of discharge

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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