GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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26% - Moderately

Money Market Mutual Fund


Synonyms:investable assets, investments, money market fund, open-ended mutual fund, short-term debt securities
Acronyms &
abbreviations:
MMMF
Filed Under: financial-banking, investments
Tags: finance, financial derivatives, stock market
 

Definition of money market mutual fund (MMMF)

money market mutual fund (MMMF)
1. 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).

Related Terms and Acronyms:

  • investment   Something you put your money into in order to make money.
  • money market account (MMA)   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)   Mutual funds that invest in short-term debts or securities.
  • mutual fund   A type of investment scheme that pools funds from multiple backers and invests them in securities such as stock or bonds.
  • parking (prk)   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   A mutual fund that guarantees investors a return on their investments.
  • segregated fund   Investment vehicles that feature both maturity and death guarantees. Segregated funds share similarities with mutual funds but are categorized as insurance products.
  • treasury bills   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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