What is the definition of Lock-up certificate of deposit (cd)? | Dictionary.net

LOCK-UP CERTIFICATE OF DEPOSIT (CD)

\lˈɒkˌʌp sətˈɪfɪkət ɒv dɪpˈɒsɪt sˌiːdˈiː], \lˈɒkˌʌp sətˈɪfɪkət ɒv dɪpˈɒsɪt sˌiːdˈiː], \l_ˈɒ_k_ˌʌ_p s_ə_t_ˈɪ_f_ɪ_k_ə_t ɒ_v d_ɪ_p_ˈɒ_s_ɪ_t__ s_ˌiː_d_ˈiː]\

Definitions of LOCK-UP CERTIFICATE OF DEPOSIT (CD)

1910 - Black's Law Dictionary (2nd edition)

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A deposit made that is held on to until its maturity date by the bank. Refer to a floating rate or negotiable certificate of deposit.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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