MMDA

MMDA
money market deposit account (MMDA)
A bank deposit account designed to pay a higher rate of interest to depositors than might otherwise be earned in checking or savings accounts. Money market deposit accounts do not have specified maturities. Their rates are administered by the bank although they are influenced by prevailing rates for money market instruments traded in capital markets. Some banks index the rates that they pay on MMDAs to rates paid for traded money market instruments such as U.S. Treasury bill rates. Federal regulations limit the number of transactions that can be made from these accounts. American Banker Glossary
————
An account that pays interest based on short-term interest rates. Same as a money market deposit account

Financial and business terms. 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • MMDA (drug) — Clinical data Pregnancy cat.  ? Legal status Schedule I (US) Routes …   Wikipedia

  • MMDA (psychedelic) — Chembox new ImageFile = MMDA.gif ImageSize = IUPACName = 1 (7 methoxy 1,3 benzodioxol 5 yl)propan 2 amine OtherNames = Section1 = Chembox Identifiers CASNo = 13674 05 0 PubChem = 26175 SMILES = CC(N)Cc1cc2OCOc2c(c1)OC Section2 = Chembox… …   Wikipedia

  • MMDA — Money Market Deposit Account (Business » Stock Exchange) …   Abbreviations dictionary

  • MMDA — Martin Marietta Denver Aerospace Contributor: GSFC …   NASA Acronyms

  • MMDA — money market deposit account депозитный счет денежного рынка …   Финансово-инвестиционный толковый словарь

  • MMDA — Abbreviation for money market deposit account …   Big dictionary of business and management

  • Methyl-MMDA-2 — Systematic (IUPAC) name N methyl 1 (6 methoxy 1,3 benzodioxol 5 yl)propan 2 amine Clinical data Pregnancy cat …   Wikipedia

  • money market demand account — ( MMDA) An account that pays interest based on short term interest rates. Same as a money market deposit account …   Financial and business terms

  • money-market deposit account — MMDA A high yielding savings account introduced in the USA in 1982 to allow deposit taking institutions to compete with the money markets for savers funds. As long as the account has a balance of more than $1000 there is no regulatory limit on… …   Big dictionary of business and management

  • Metropolitan Manila Development Authority — Pangasiwaan sa Pagpapaunlad ng Kalakhang Maynila Agency overview Formed November 7, 1975 Superseding agency …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”