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
investable assets, money market fund, open-ended mutual fund, investments, short-term debt securities

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.
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