Money-market certificate

[muhn-ee-mahr-kit] /ˈmʌn iˌmɑr kɪt/

a certificate of deposit held for a specified term earning a fixed interest rate keyed to the interest rate of U.S. Treasury bills.
any type of savings certificate whose interest rate is based on current money-market interest rates.


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  • Money-order

    noun 1. an order for the payment of money, as one issued by one bank or post office and payable at another. noun 1. (US & Canadian) a written order for the payment of a sum of money, to a named payee, obtainable and payable at a post office Also called (in Britain and certain […]

  • Money-of-necessity

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