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LSDefine

Simple English definitions for legal terms

certificate of deposit

Read a random definition: Woodson v. North Carolina (1976)

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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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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