money market fund (MMF)

What is money market fund (MMF)?

money market fund (MMF) definition and meaning on Finance terms:
A collective investment undertaking that primarily invests in money market instruments and/or other transferable debt instruments with a residual maturity of up to one year, and/or that pursues a rate of return that approaches the interest rates on money market instruments. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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