money-market fund

noun

1. a mutual fund that invests in the money market.

Word History and Origins

Origin of money-market fund¹

First recorded in 1980–85

Example Sentences

You can still earn 4% in a money-market fund.

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Think of it as turning the investment ownership rights — for example, shares in a money-market fund or a slice of a private-equity vehicle — into a digital token that lives on a blockchain.

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But when the Fed drives interest rates back down — that could happen soon if there’s a recession, or many months from now, if inflation is persistent — money-market fund rates will drop, too, and I’ll reduce my holdings in them.

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In short, if you are a money-market fund investor, rising interest rates can be delightful.

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Keep it in a money-market fund paying 5 percent for a year and you will receive $500.

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Related Words

• bond fund www.thesaurus.com
• closed-end fund www.thesaurus.com
• investment fund www.thesaurus.com
• retirement plan