Difference between revisions of "Money market fund"
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According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | ||
:[[Money market fund]]. A mutual fund that invests in short-term debt instruments and offers investors check-writing privileges; thus, it amounts to an interest-bearing checking account. | :[[Money market fund]]. A mutual fund that invests in short-term debt instruments and offers investors check-writing privileges; thus, it amounts to an interest-bearing checking account. | ||
| + | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
| + | :[[Money market fund]]s. Mutual funds that invest in short-term, low-risk securities and allow investors to write checks against their accounts. | ||
==Related concepts== | ==Related concepts== | ||
Revision as of 13:38, 1 November 2019
Money market fund is a mutual fund that invests in short-term debt instruments and offers investors check-writing privileges; thus, it amounts to an interest-bearing checking account.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Money market fund. A mutual fund that invests in short-term debt instruments and offers investors check-writing privileges; thus, it amounts to an interest-bearing checking account.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Money market funds. Mutual funds that invest in short-term, low-risk securities and allow investors to write checks against their accounts.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
