Money market fund

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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.

According to Principles of Economics by Timothy Taylor (3rd edition),

Money market funds. Where the deposits of many investors are pooled together and invested in a safe way like short-term government bonds.

Related concepts

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