money market fund

noun

The definition of a money market fund is a type of investment where an investor buys an ownership share in a fund that uses fund money to purchase short-term, high-quality debt securities such as treasury bills, for which the investor earns interest which is paid with additional shares of the fund.

An example of a money market fund is an equity-income fund offered by a brokerage firm.

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"money-market-fund." YourDictionary, n.d. Web. 22 January 2019. <https://www.yourdictionary.com/money-market-fund>.

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money-market-fund. (n.d.). Retrieved January 22nd, 2019, from https://www.yourdictionary.com/money-market-fund