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money-market certificate

American  
[muhn-ee-mahr-kit] / ˈmʌn iˌmɑr kɪt /

noun

  1. a certificate of deposit held for a specified term earning a fixed interest rate keyed to the interest rate of U.S. Treasury bills.

  2. any type of savings certificate whose interest rate is based on current money-market interest rates.

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.