An instrument containing an known that a bank has received a total of money and a guarantee by the bank to repay the money is called a "Certificate of deposit" .
A certificate of Deposit (CD) is an electronic short-term navigable money market instrument to be carried with a SEBI-registered (Securities and Exchange Board of India) storage. A negotiable instrument ensures the repayment of the principal amount along with interest at the pre-specified rate.
It means an acknowledgment by a bank that a sum of funds has been received by the bank and a promise by the bank to repay the sum of money. A certificate of deposit is a notice from the bank.
To know about a certificate of Deposit (CD) visit the link
brainly.com/question/18687653
#SPJ4
