Dictionary


mon'ey-mar•ket certif"icate



Pronunciation: (mun'ē-mär"kit), [key]
1. a certificate of deposit held for a specified term earning a fixed interest rate keyed to the interest rate of U.S. Treasury bills.
2. any type of savings certificate whose interest rate is based on current money-market interest rates.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

money marketmoney-market fund

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