money-market certificate

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


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. Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019