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step-down CD

/stɛp daʊn ˌsiˈdi/ /stɛp daʊn ˌsiːˈdiː/
noun
GeneralFinance
  1. 1 azalan faizli mevduat sertifikası countable

Definition (English)

A certificate of deposit where the interest rate decreases over time.

Example Sentences

  1. The step-down CD rate will fall next year.
    Azalan faizli mevduat sertifikasının faizi gelecek yıl düşecek.
  2. We bought a step-down CD last year.
    Geçen yıl azalan faizli bir mevduat sertifikası aldık.

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