Money market fund - A mutual fund that invests only in short term securities, such as bankers acceptances, commercial paper, repurchase agreements and government bills. The net asset value per share is maintained at $1.00. Such funds are not federally insured, although the portfolio may consist of guaranteed securities and/or the fund may have private insurance protection.
Money market fund : a mutual fund that invests only in short term securities, such as bankers acceptances, commercial paper, repurchase agreements and government bills. the net asset value per share is maintained at $1.00. such funds are not federally insured, although the portfolio may consist of guaranteed securities and/or the fund may have private insurance protection.
Money market fund