Money Market Mutual Fund
Definition
- A mutual fund that invests in short-term debt instruments such as Treasury bills, commercial paper, and large CDs. Also referred to as money market fund (MMF).
Synonyms
money market fund, open-ended mutual fund, short-term debt securities, investable assets, investments
Acronyms
MMMF
Alternate Spellings
Money Market Funds
Related Terms and Acronyms
- Investment — Definition,
- Something you put your money into in order to make money.
- Money Market Account (MMA) — Acronym,
- A bank account that restricts the type and number of withdrawals. The account also earns interest similar to money market funds.
- Money Market Fund (MMF) — Acronym, Important,
- Mutual funds that invest in short-term debts or securities.
- Mutual Fund — Definition,
- A type of investment scheme that pools funds from multiple backers and invests them in securities such as stock or bonds.
- Parking (prk) — Abbreviation,
- A term that refers to depositing cash in a high-yield money market account until it is transferred to another account to pay bills.
- Protected Fund — Definition,
- A mutual fund that guarantees investors a return on their investments.
- Segregated Fund — Definition,
- Investment vehicles that feature both maturity and death guarantees. Segregated funds share similarities with mutual funds but are categorized as insurance products.
- Treasury Bills — Definition,
- Short-term government obligations that are payable to the bearer and sold on a discount basis; the difference between a T-bill's market or discounted price and its face or redemption value is effectively interest if the T-bill is held to maturity.
