Money-market-fund definitions

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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Alternative spelling of money market fund.
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(finance) A mutual fund (US) that invests almost exclusively in short-term money market instruments whose value is deemed unlikely to fluctuate.
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