money market

money market definition - business

money market

The market for trading short-term, low-risk securities such as commercial paper, U.S. Treasury bills, bankers' acceptances, and negotiable certificates of deposit. The market is comprised of dealers in these securities who are linked by electronic communications.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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