Money market fund

Money market fund
A mutual fund that invests only in short term securities, such as bankers' acceptances, commercial paper, repurchase agreements and government bills. The net asset value per share is maintained at $1. 00. Such funds are not federally insured, although the portfolio may consist of guaranteed securities and/or the fund may have private insurance protection. The New York Times Financial Glossary

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money market fund UK US noun [C] FINANCE
MONEY FUND(Cf. ↑money fund)

Financial and business terms. 2012.

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