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money-market certificate

[ muhn-ee-mahr-kit ]
/ ˈmʌn iˌmɑr kɪt /
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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.
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

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