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- An open-ended mutual fund that invests in short-term debts and monetary instruments such as Treasury bills and pays money market rates of interest. Money market funds usually offer checkwriting privileges. They are not insured by the FDIC.
The Office of the Comptroller of the Currency - Cite This Source - This Definition
- Certificate of deposit, Cut-off time, Demand deposit, Minimum balance, Money market deposit account, Time certificate of deposit