Specific type of open-ended mutual fund. Invests in highly liquid short-term financial instruments with maturities typically 90 days to less than one year. Pays money market account (MMA) interest rates. Negotiable certificates of deposit (CDs), commercial paper, and treasury bills are short-term vehicles. MMFs market value remains constant at $1 per share, which differs from other mutual funds. Fluctuation occurs in the interest rate paid by them. They are not protected under the deposit insurance schemes, but, they often offer check writing privileges. Also known as money market mutual fund.
What is MONEY MARKET FUND (MMF)?
Enter your email address to stay current on legal news and receive special offers
Featuring Black’s Law Dictionary
Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.
- W-9s: What It Is, Who They’re For, & How To Fill It Out
- Marijuana: Recreational, Grow, & Medical Laws By State 2020
- Economic Recession VS Depression: Similarities & Differences
- Brexit Explained For Those Who Don’t Live In The UK
- Imperialism Definition, Laws, & History: From Rome To Now
- Capitalism, Socialism, & Communism Explained In Plain English
- What Is A Government Shutdown & Who Does It Affect?
- Is It A Monopoly? Everything You Ever Wanted To Know
- Breach Of Contract: What It Is, Types, Examples, & Resolving Them
- Plausible Deniability Definition, Examples, & Laws
- Best Way to Find Someone in Jail for Free
- How Do You Look up License Plate Numbers?
- Best Way to Run a Free Arrest Warrant Check
- What Is A Police Welfare Check?
- Signing a Letter on Someone Else’s Behalf
- How To Find An Inmate’s Release Date
- How To Find A Name & Address Using A License Plate Number
- Best Way to Write a Professional Letter to a Judge
- How To Look Up My Court Date Online
- How to Transfer a Car Title When The Owner Is Deceased