Money Market Fund

Definition: Mutual fund designed for private individuals that invests in high-yield instruments. A money market fund invests in short-term CDs and federal securities. Definition: [crh] A mutual fund that invests only in short term securities, such as bankers' accepDefinition: tances, commercial paper, repurchase agreements and government bills. The net asset valueDefinition: A> per share is maintained at $1.00. Such funds are not federally insured, although the portfolio may consist of Definition: EF="/?rd=guaranteed">guaranteed securities and/or the fund may have private insurance protection.

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