money-market certificate
American
[muhn-ee-mahr-kit]
/ ˈmʌn iˌmɑr kɪt /
noun
-
a certificate of deposit held for a specified term earning a fixed interest rate keyed to the interest rate of U.S. Treasury bills.
-
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.
