What is MONEY MARKET CERTIFICATE (MMC)?

The issuing financial institution pays an interest rate on this specific type of US certificate of deposit (CD), non-negotiable, minimum original 7-day maturity, minimum denomination of $2,500.

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Related Legal Terms
MONEY MARKET FUND (MMF), MONEY MARKET ACCOUNT (MMA), MONEY MARKET DEPOSIT ACCOUNT, MONEY MARKET INSTRUMENTS, MONEY MARKET INVESTMENT, MONEY MARKET HEDGE, MONEY MARKET NOTES, MONEY MARKET, CERTIFICATE OF DEPOSIT (CD), MONEY MARKET YIELD


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