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money market fund
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money market fund


We try to keep the equivalent of six months of expenses in a money market fund.
  a mutual fund designed to support frequent deposits and withdrawals and that invests in very short-term instruments such as U.S. Treasury bills, corporate commercial paper and certificates of deposit
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money-market fund money-market funds
Notes:
A money-market fund is not eligible for FDIC insurance, but is typically designed to provide almost no risk of loss. It typically pays less than riskier or longer term investments, but typically pays more than checking or savings accounts.
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  • We try to keep the equivalent of six months of expenses in a money market fund.
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Associated words [difficulty]:   money market fund , bond [4] , deposit slip [7] , stock [7] , Individual Retirement Account (IRA) [3] , bond [4] , financial commodities [5] , stock [7] , mutual fund [8] , hedge fund [9] , municipal bond [9]
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Most commonly used in these subjects:   Personal Finance, Business, Law
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